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Relatively High P/E Ratio Detected in Shares of Manitowoc Co in the Construction Machinery & Heavy Trucks Industry (MTW, NAV, PLOW, FSS, SPAR)

By James Quinn

Below are the three companies in the Construction Machinery & Heavy Trucks industry with the highest 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.

Manitowoc Co ranks highest with a a P/E ratio of 58.64. Navistar Intl is next with a a P/E ratio of 38.97. Douglas Dynamics ranks third highest with a a P/E ratio of 38.74.

Fed Signal Corp follows with a a P/E ratio of 34.94, and Spartan Motors rounds out the top five with a a P/E ratio of 32.30.

SmarTrend recommended that subscribers consider buying shares of Spartan Motors on February 20th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $9.27. Since that recommendation, shares of Spartan Motors have risen 90.6%. We continue to monitor Spartan Motors for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest p/e ratio manitowoc co navistar intl douglas dynamics fed signal corp spartan motors

Ticker(s): MTW NAV PLOW FSS SPAR