16 JULY 2013www.tmcnet.com
Noranda Aluminum has the highest forward P/E ratio in the aluminum industry
Edited by : AL CIRCLE
1 min read
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.Noranda Aluminum ranks highest with a a forward P/E ratio of 35.64. Following is Century Aluminum with a a forward P/E ratio of 17.57. Kaiser Aluminum ranks third highest with a a forward P/E ratio of 13.85.
Alcoa follows with a a forward P/E ratio of 11.71, and Alumina rounds out the top five with a a forward P/E ratio of 7.63.
SmarTrend is tracking the current trend status for Alcoa and will alert subscribers who have AA in their portfolio or watchlist when shares have changed trend direction.
Alcoa follows with a a forward P/E ratio of 11.71, and Alumina rounds out the top five with a a forward P/E ratio of 7.63.
SmarTrend is tracking the current trend status for Alcoa and will alert subscribers who have AA in their portfolio or watchlist when shares have changed trend direction.
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