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Alumina Ltd. possesses the Lowest Forward P/E Ratio in the Aluminum Industry
Edited by : AL CIRCLE
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Below are the three companies in the Aluminum industry with the lowest 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.
Alumina is lowest with a forward P/E ratio of 3.08. Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent of Alcoa World Alumina and Chemicals through a joint venture with Alcoa. Alumina has traded 100,000 shares thus far today, vs. average volume of 483,000 shares per day. The stock has outperformed the Dow (2.9% to the Dow's 1.4%) and outperformed the S&P 500 (2.9% to the S&P's 1.5%) during today's trading.
Following is Noranda Aluminum with a forward P/E ratio of 5.77.
Finishing up the bottom three is Century Aluminum, with a forward P/E ratio of 8.12.
Alumina is lowest with a forward P/E ratio of 3.08. Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent of Alcoa World Alumina and Chemicals through a joint venture with Alcoa. Alumina has traded 100,000 shares thus far today, vs. average volume of 483,000 shares per day. The stock has outperformed the Dow (2.9% to the Dow's 1.4%) and outperformed the S&P 500 (2.9% to the S&P's 1.5%) during today's trading.
Following is Noranda Aluminum with a forward P/E ratio of 5.77.
Finishing up the bottom three is Century Aluminum, with a forward P/E ratio of 8.12.
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