Titan International is a wheel, tire, and undercarriage industrial manufacturer and supplier servicing customers across the globe. Co.'s reportable segments include: agricultural, which provides agricultural rims, wheels, tires, and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, skidders, plows, and planters; earthmoving/construction, which manufactures rims, wheels, tires, and undercarriage systems and components for various types of off-the-road earthmoving, mining, military, construction and forestry equipment; and consumer, which manufactures bias truck tires in Latin America and light truck tires in Russia. More details about Titan Intl at:
http://www.titan-intl.com.
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Should Titan Intl shares be counted among the
Top 15 Cheap Industrials Shares? To start, we see that the recent trading price for TWI stock is $12.46 (as of 3/28/2024). The most recent quarter's (MRQ) earnings result, annualized, was $1.36/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Titan Intl produced $1.59/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.56/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 8.0 for the TTM Median method, 9.2 for price to earnings using MRQ annualized, and 7.8 for current price/TTM earnings. Based on TWI's history, that recent TTM PE is low relative to the historical average, with the recent PE 73.6% lower than the average (TTM method) of 29.5.