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Top 5 Companies in the Footwear Industry With the Highest Forward P/E Ratio (CROX, NKE, DECK, SKX, SHOO)

By Amy Schwartz

Below are the three companies in the Footwear 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.

Crocs Inc ranks highest with a a forward P/E ratio of 60.51. Following is Nike Inc -Cl B with a a forward P/E ratio of 38.31. Deckers Outdoor ranks third highest with a a forward P/E ratio of 28.07.

Skechers Usa-A follows with a a forward P/E ratio of 16.88, and Steven Madden rounds out the top five with a a forward P/E ratio of 14.25.

SmarTrend recommended that subscribers consider buying shares of Crocs Inc on July 15th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $22.31. Since that recommendation, shares of Crocs Inc have risen 92.3%. We continue to monitor Crocs Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio crocs inc nike inc -cl b deckers outdoor skechers usa-a steven madden