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Highest Forward P/E Ratio in the Automotive Retail Industry Detected in Shares of O'Reilly Automotive (ORLY, KMX, AN, MNRO, PBY)
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Automotive Retail 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.O'Reilly Automotive ranks highest with a a forward P/E ratio of 16.49. Carmax is next with a a forward P/E ratio of 15.79. AutoNation ranks third highest with a a forward P/E ratio of 15.09.
Monro Muffler follows with a a forward P/E ratio of 14.87, and PEP Boys rounds out the top five with a a forward P/E ratio of 14.06.
SmarTrend recommended that its subscribers protect gains by selling shares of PEP Boys on May 1st, 2012 by issuing a Downtrend alert when the shares were trading at $11.58. Since that call, shares of PEP Boys have fallen 13.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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