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Mac-Gray has the Highest Forward P/E Ratio in the Specialized Consumer Services Industry (TUC, SCI, STEI, CSV, RGS)
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Specialized Consumer Services 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.Mac-Gray ranks highest with a a forward P/E ratio of 19.83. Following is Service International with a a forward P/E ratio of 17.09. Stewart Enterprises ranks third highest with a a forward P/E ratio of 13.83.
Carriage Services follows with a a forward P/E ratio of 12.86, and Regis rounds out the top five with a a forward P/E ratio of 12.85.
SmarTrend recommended that its subscribers protect gains by selling shares of Regis on October 26th, 2012 by issuing a Downtrend alert when the shares were trading at $17.23. Since that call, shares of Regis have fallen 4.8%. 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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