Top 5 Companies in the Property & Casualty Insurance Industry With the Highest Forward P/E Ratio (MKL, MBI, RLI, ERIE, CINF)
Below are the three companies in the Property & Casualty Insurance industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.
Markel ranks highest with a a forward P/E ratio of 35.42. MBIA is next with a a forward P/E ratio of 30.56. RLI ranks third highest with a a forward P/E ratio of 29.56.
Erie Indemnity follows with a a forward P/E ratio of 29.44, and Cincinnati Financial rounds out the top five with a a forward P/E ratio of 27.50.
SmarTrend is tracking the current trend status for Erie Indemnity and will alert subscribers who have ERIE in their portfolio or watchlist when shares have changed trend direction.
Keywords: highest forward p/e ratio markel mbia erie indemnity cincinnati financial