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Shares of HNI Rank the Highest in Terms of Forward P/E Ratio in the Office Services & Supplies Industry (HNI, KBALB, IFSIA, MSA, AVY)
Jan 15, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Office Services & Supplies 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.HNI ranks highest with a a forward P/E ratio of 22.13. Kimball International is next with a a forward P/E ratio of 18.48. Interface ranks third highest with a a forward P/E ratio of 18.19.
Mine Safety Appliances follows with a a forward P/E ratio of 16.60, and Avery Dennison rounds out the top five with a a forward P/E ratio of 14.73.
SmarTrend recommended that subscribers consider buying shares of Mine Safety Appliances on November 30th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $38.49. Since that recommendation, shares of Mine Safety Appliances have risen 15.4%. We continue to monitor Mine Safety Appliances 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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