Lowest Price to Book Ratios in Automobile Manufacturers
General Motors, Thor Industries, and Winnebago Industries ranked lowest in the automobile manufacturers industry with the lowest price to book ratios, indicating potential value to investors. While Tesla Motors Inc has seen a significant rise in its stock price since it was recommended as a potential investment by SmarTrend, it still maintains a high price to book ratio. This suggests that investors should be cautious when considering Tesla Motors Inc.
Key Takeaways:
- General Motors has the lowest price to book ratio of 1.06 in the automobile manufacturers industry.
- Thor Industries and Winnebago Industries follow with price to book ratios of 1.77 and 1.89, respectively.
- Ford Motor ranks fourth with a price to book ratio of 6.85, while Tesla Motors Inc ranks fifth with a price to book ratio of 12.32.
- SmarTrend recommended buying shares of Tesla Motors Inc on October 6th, 2011, when shares hit $26.31.
- Since the recommendation, Tesla Motors Inc has seen a 32.3% increase in its stock price.
- SmarTrend monitors Tesla Motors Inc for potential shifts in the market and will alert subscribers immediately.
Statistics:
- General Motors: price to book ratio of 1.06
- Thor Industries: price to book ratio of 1.77
- Winnebago Industries: price to book ratio of 1.89
- Ford Motor: price to book ratio of 6.85
- Tesla Motors Inc: price to book ratio of 12.32
- SmarTrend's recommendation led to a 32.3% increase in Tesla Motors Inc's stock price
Sources:
- SmarTrend News Watch via COMTEX
- SmarTrend's free morning newsletter
- SmarTrend's Free Trial: http://www.MySmarTrend.com
- https://www.comtex.com