Automobile Manufacturers with the Highest Forward Price to Earnings (P/E) Ratios

Strategic Insights -

The companies in the Automobile Manufacturers industry with the highest forward price to earnings (P/E) ratios are dominated by Tesla Motors Inc, according to a recent analysis. The forward P/E ratio is a metric that estimates a company's earnings and uses them to compare relative value among companies in the same industry. Tesla Motors Inc tops the list with a forward P/E ratio of 78.33, while General Motors ranks fifth with a forward P/E ratio of 6.20. Notably, SmarTrend recommended selling shares of General Motors on April 2nd, 2015, when the shares were trading at $36.53.

Key Takeaways:

  • Tesla Motors Inc has the highest forward P/E ratio in the Automobile Manufacturers industry with a ratio of 78.33.
  • General Motors ranks fifth in the industry with a forward P/E ratio of 6.20.
  • SmarTrend recommended selling shares of General Motors on April 2nd, 2015, at $36.53.
  • Since the call, shares of General Motors have fallen 13.8%.
  • SmarTrend analyzes over 5,000 securities simultaneously and provides trend change alerts in real time.
  • The company provides a free trial of its trading calls and a free morning newsletter with exclusive, actionable insight into market trends.
  • SmarTrend's founder, Chip Brian, is reachable at cbrian@mysmartrend.com.

Statistics:

  • Tesla Motors Inc forward P/E ratio: 78.33
  • General Motors forward P/E ratio: 6.20
  • Percent change in General Motors shares since SmarTrend's April 2nd, 2015 call: -13.8%

Sources:

  • "Below are the three companies in the Automobile Manufacturers industry with the highest forward price to earnings (P/E) ratios" (SmarTrend(R) News Watch via COMTEX, Aug 17, 2015)
  • "SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time" (SmarTrend website, 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" (SmarTrend website, http://www.MySmarTrend.com/signup)