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Century Aluminum has the Highest Forward P/E Ratio in the Aluminum Industry (CENX, KALU, NOR, AWC, AA)
Edited by : AL CIRCLE
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Below are the three companies in the Aluminum 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.Century Aluminum ranks highest with a a forward P/E ratio of 23.50. Kaiser Aluminum is next with a a forward P/E ratio of 15.06. Noranda Aluminum ranks third highest with a a forward P/E ratio of 13.93.
Alumina follows with a a forward P/E ratio of 11.60, and Alcoa rounds out the top five with a a forward P/E ratio of 11.58.
SmarTrend recommended that subscribers consider buying shares of Noranda Aluminum on December 13th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.83. Since that recommendation, shares of Noranda Aluminum have risen 26.2%. We continue to monitor Noranda Aluminum for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Alumina follows with a a forward P/E ratio of 11.60, and Alcoa rounds out the top five with a a forward P/E ratio of 11.58.
SmarTrend recommended that subscribers consider buying shares of Noranda Aluminum on December 13th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.83. Since that recommendation, shares of Noranda Aluminum have risen 26.2%. We continue to monitor Noranda Aluminum for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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