Below are the three companies in the Computer Storage & Peripherals industry with the lowest 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.
Seagate Technology (NASDAQ:STX) is lowest with a P/E ratio of 4.58. Seagate Technology designs, manufactures, and markets rigid disc drives for enterprise, personal computer, and consumer electronics applications.
In the past 52 weeks, Seagate Technology share prices have been bracketed by a low of $21.62 and a high of $37.94 and are now at $34.82, 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.4%.
Western Digital (NYSE:WDC) is next with a P/E ratio of 5.28.
Finishing up the bottom three is Lexmark International (NYSE:LXK), with a P/E ratio of 6.67.
