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Kaiser Aluminum shows the highest forward (P/E) ratio among aluminium companies
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.Kaiser Aluminum ranks highest with a a forward P/E ratio of 13.22. Alcoa is next with a a forward P/E ratio of 10.03. Alumina ranks third highest with a a forward P/E ratio of 9.98.
Century Aluminum follows with a a forward P/E ratio of 9.05, and Noranda Aluminum rounds out the top five with a a forward P/E ratio of 6.83.
SmarTrend recommended that its subscribers protect gains by selling shares of Noranda Aluminum on March 8th, 2012 by issuing a Downtrend alert when the shares were trading at $10.98. Since that call, shares of Noranda Aluminum have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Century Aluminum follows with a a forward P/E ratio of 9.05, and Noranda Aluminum rounds out the top five with a a forward P/E ratio of 6.83.
SmarTrend recommended that its subscribers protect gains by selling shares of Noranda Aluminum on March 8th, 2012 by issuing a Downtrend alert when the shares were trading at $10.98. Since that call, shares of Noranda Aluminum have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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