Tuesday March 25, 10:49 PM
Tyson Foods: Highest value in sector
NEW YORK (AP) - As the first quarter draws to a close, Tyson Foods Inc. has the richest valuation in the consumer staples sector of the S&P 500 index.
The meat processor carries a ratio of stock price to projected future earnings of 60.40.
The measure, sometimes called the forward P/E ratio, is often considered an indicator of relative valuation.
The S&P 500, according to publisher McGraw-Hill, most recently had a P/E ratio of 19.4.
Of those in the group projected to report profits, supermarket company Supervalu Inc (NYSE: SVU - news) . has the lowest forward P/E ratio at 10.51.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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