Below are the three companies in the Diversified Chemicals 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.
Huntsman (NYSE:HUN) is lowest with a P/E ratio of 8.92. Huntsman Corporation manufactures differentiated and commodity chemical products. The Company markets a broad range of chemical products and formulations to a diversified group of consumer and industrial customers. Huntsman's products are used in a range of applications, including those in adhesives, aerospace, automotive, construction products, and consumer products.
In the past 52 weeks, Huntsman share prices have been bracketed by a low of $10.60 and a high of $18.29 and are now at $17.41, 64% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 1.02% higher over the past week, respectively.
Following is LSB Industries (NYSE:LXU) with a P/E ratio of 11.97.
Finishing up the bottom three is Olin (NYSE:OLN), with a P/E ratio of 12.15.