Highest Forward P/E Ratio in the Diversified Support Services Industry Detected in Shares of Healthcare Services (HCSG, CTAS, CPRT, RBA, UNF)
Below are the three companies in the Diversified Support Services industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.
Healthcare Services ranks highest with a a forward P/E ratio of 35.65. Following is Cintas with a a forward P/E ratio of 24.60. Copart ranks third highest with a a forward P/E ratio of 24.28.
Ritchie Bros Auctioneers follows with a a forward P/E ratio of 22.14, and UniFirst rounds out the top five with a a forward P/E ratio of 19.46.
SmarTrend recommended that subscribers consider buying shares of UniFirst on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $115.42. Since that recommendation, shares of UniFirst have risen 3.7%. We continue to monitor UniFirst for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio healthcare services Cintas copart ritchie bros auctioneers unifirst