General Electric Company (NYSE: GE)'s Industrial segment is worth between $13.1 billion and $16.1 billion down 35.1% at the low end since July when I estimated it was worth $20.2 billion and $21.7 billion.

GE Industrial sells products including consumer appliances, industrial equipment and plastics, and related services. It also provides asset management services for the transportation industry. Industrial revenues were about the same in 2007 compared with 2006 as lower volume ($0.5 billion) was offset by the effects of the weaker U.S. dollar ($0.3 billion) and higher prices ($0.2 billion).

Based on GE Industrial profit of $1.41 billion, here are the range of valuations based on the Price/Earnings ratios of the following peer companies -- which declined substantially since last July:

• Whirlpool Corp. (NYSE: WHR) P/E: 11.4 (July: 16.2): $13.1 billion
• Electrolux AB (ADR) (OTC: ELUXY) P/E: 9.3. (July: 15.2): $16.1 billion

Valuing GE Industrial originally appeared on BloggingStocks on Wed, 27 Feb 2008 17:20:00 EST. Please see our terms for use of feeds.