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Shares of Avery Dennison Rank the Highest in Terms of PEG Ratio in the Office Services & Supplies Industry (AVY, MSA, IFSIA, HNI, ABD)
Dec 31, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Office Services & Supplies industry with the highest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.
Avery Dennison ranks highest with a a PEG ratio of 2.42. Following is Mine Safety Appliances with a a PEG ratio of 1.46. Interface ranks third highest with a a PEG ratio of 1.45.
HNI follows with a a PEG ratio of 1.40, and ACCO Brands rounds out the top five with a a PEG ratio of 1.39.
SmarTrend recommended that its subscribers protect gains by selling shares of ACCO Brands on April 19th, 2012 by issuing a Downtrend alert when the shares were trading at $11.06. Since that call, shares of ACCO Brands have fallen 4.6%. 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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