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Top 5 Companies in the Paper Products Industry With the Highest Forward P/E Ratio (WPP, MWV, GLT, UFS, NP)
Feb 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Paper Products 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.Wausau Paper ranks highest with a a forward P/E ratio of 25.87. MeadWestvaco is next with a a forward P/E ratio of 13.76. Glatfelter ranks third highest with a a forward P/E ratio of 12.98.
Domtar follows with a a forward P/E ratio of 11.57, and Neenah Paper rounds out the top five with a a forward P/E ratio of 11.54.
SmarTrend recommended that subscribers consider buying shares of Neenah Paper on November 30th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $18.18. Since that recommendation, shares of Neenah Paper have risen 39.1%. We continue to monitor Neenah Paper for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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