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Stanley Furniture has the Highest Forward P/E Ratio in the Home Furnishings Industry (STLY, ZZ, ETH, MHK, LEG)
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Home Furnishings 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.Stanley Furniture ranks highest with a a forward P/E ratio of 65.82. Sealy is next with a a forward P/E ratio of 22.47. Ethan Allen Interiors ranks third highest with a a forward P/E ratio of 20.56.
Mohawk Industries follows with a a forward P/E ratio of 18.21, and Leggett & Platt rounds out the top five with a a forward P/E ratio of 16.70.
SmarTrend recommended that subscribers consider buying shares of Leggett & Platt on July 3rd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $21.17. Since that recommendation, shares of Leggett & Platt have risen 24.4%. We continue to monitor Leggett & Platt for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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