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Vulcan Materials is Among the Companies in the Construction Materials Industry With the Highest Forward P/E Ratio (VMC, MLM, JHX, EXP, HW)

By Amy Schwartz

Below are the three companies in the Construction Materials 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.

Vulcan Materials ranks highest with a a forward P/E ratio of 34.47. Following is Martin Marietta Materials with a a forward P/E ratio of 25.36. James Hardie Industries ranks third highest with a a forward P/E ratio of 23.81.

Eagle Materials follows with a a forward P/E ratio of 17.32, and Headwaters rounds out the top five with a a forward P/E ratio of 15.40.

SmarTrend recommended that subscribers consider buying shares of Eagle Materials on February 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $53.75. Since that recommendation, shares of Eagle Materials have risen 46.8%. We continue to monitor Eagle Materials for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio Vulcan Materials Martin Marietta Materials james hardie industries eagle materials headwaters