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Shares of HNI Rank the Highest in Terms of P/E Ratio in the Office Services & Supplies Industry (HNI, MLHR, AVY, MSA, CIX)Apr 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Office Services & Supplies 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.HNI ranks highest with a a P/E ratio of 29.69. Following is Herman Miller with a a P/E ratio of 25.03. Avery Dennison ranks third highest with a a P/E ratio of 22.79. Mine Safety Appliances follows with a a P/E ratio of 19.29, and Compx International rounds out the top five with a a P/E ratio of 19.00. SmarTrend recommended that subscribers consider buying shares of Mine Safety Appliances on November 30th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $38.49. Since that recommendation, shares of Mine Safety Appliances have risen 26.2%. We continue to monitor Mine Safety Appliances for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |