|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (3Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
As of August 28, LyondellBasell’s one-year forward PE ratio stands at 10.0x. In comparison, Eastman Chemical (EMN) has a one-year forward PE ratio of 10.9x. The forward PE ratio is a measure that investors can use to compare two or more companies operating in the same industry to tell which company is overvalued and which is undervalued. The PE ratio considers the companies’ future estimated earnings when calculating the valuations.
The latest short interest report on August 15 indicates that LyondellBasell’s (LYB) short interest is at the lowest point since the beginning of 2018. According to the latest report, LyondellBasell’s short interest as a percentage of its outstanding shares stood at 1.63%. The declining trend in LyondellBasell’s short-interest indicates a decline in the negative sentiment towards the stock. The decline in the short interest could be attributed to the company’s better-than-expected quarterly earnings. The completion of the A. Schulman (SHLM) acquisition and the possible acquisition of a stake in Baskem reduced the negative sentiment towards the stock.
Forecast-topping earnings performance, upbeat outlook and strong prospects stemming from the acquisition of A. Schulman have contributed to the rally in LyondellBasell's (LYB) shares.