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Tenneco Inc has the Lowest P/E Ratio in the Auto Parts & Equipment Industry (TEN, DLPH, CPS, AXL, HZN)

By David Diaz

Below are the three companies in the Auto Parts & Equipment 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.

Tenneco Inc ranks lowest with a a P/E ratio of 1.55. Delphi Automotiv is next with a a P/E ratio of 2.32. Cooper-Standard ranks third lowest with a a P/E ratio of 2.74.

Amer Axle & Mfg follows with a a P/E ratio of 2.76, and Horizon Global rounds out the bottom five with a a P/E ratio of 4.81.

SmarTrend recommended that subscribers consider buying shares of Amer Axle & Mfg on October 28th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $9.21. Since that recommendation, shares of Amer Axle & Mfg have risen 4.6%. We continue to monitor Amer Axle & Mfg for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest p/e ratio tenneco inc delphi automotiv cooper-standard amer axle & mfg horizon global

Ticker(s): TEN DLPH CPS AXL HZN