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Noranda Aluminum is Among the Companies in the Aluminum Industry With the Lowest Forward P/E Ratio (NOR, CENX, AWC, AA, KALU)
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.Noranda Aluminum ranks lowest with a a forward P/E ratio of 6.96. Century Aluminum is next with a a forward P/E ratio of 9.08. Alumina ranks third lowest with a a forward P/E ratio of 9.73.
Alcoa follows with a a forward P/E ratio of 9.96, and Kaiser Aluminum rounds out the bottom five with a a forward P/E ratio of 13.32.
SmarTrend recommended that its subscribers protect gains by selling shares of Century Aluminum on March 5th, 2012 by issuing a Downtrend alert when the shares were trading at $9.51. Since that call, shares of Century Aluminum have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Alcoa follows with a a forward P/E ratio of 9.96, and Kaiser Aluminum rounds out the bottom five with a a forward P/E ratio of 13.32.
SmarTrend recommended that its subscribers protect gains by selling shares of Century Aluminum on March 5th, 2012 by issuing a Downtrend alert when the shares were trading at $9.51. Since that call, shares of Century Aluminum have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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