TMCnet News
Highest P/E Ratio in the Packaged Foods & Meats Industry Detected in Shares of Coffee Holding (JVA, LWAY, RAH, TR, LNCE)Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Packaged Foods & Meats industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Coffee Holding ranks highest with a a P/E ratio of 82.22. Lifeway Foods is next with a a P/E ratio of 33.08. Ralcorp Holdings ranks third highest with a a P/E ratio of 31.48. Tootsie Roll Industries follows with a a P/E ratio of 30.60, and Lance rounds out the top five with a a P/E ratio of 29.42. SmarTrend is tracking the current trend status for Tootsie Roll Industries and will alert subscribers who have TR in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |