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Top 5 Companies in the Investment Banking & Brokerage Industry With the Lowest P/E Ratio (COWN, GS, LAZ, LPLA, SF)

By Shiri Gupta

Below are the three companies in the Investment Banking & Brokerage industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.

Cowen Group ranks lowest with a a P/E ratio of 2.39. Following is Goldman Sachs Group with a a P/E ratio of 8.66. Lazard ranks third lowest with a a P/E ratio of 9.09.

LPL Investment Holdings follows with a a P/E ratio of 11.42, and Stifel Financial rounds out the bottom five with a a P/E ratio of 12.54.

SmarTrend recommended that its subscribers protect gains by selling shares of Lazard on April 8th, 2016 by issuing a Downtrend alert when the shares were trading at $35.14. Since that call, shares of Lazard have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest p/e ratio cowen group goldman sachs group lazard lpl investment holdings stifel financial