Highest Forward P/E Ratio in the Health Care Supplies Industry Detected in Shares of STAAR Surgical (STAA, OSUR, NEOG, ALGN, QDEL)
Below are the three companies in the Health Care Supplies 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.
STAAR Surgical ranks highest with a a forward P/E ratio of 98.78. OraSure Technologies is next with a a forward P/E ratio of 58.08. Neogen ranks third highest with a a forward P/E ratio of 46.04.
Align Technology follows with a a forward P/E ratio of 45.16, and Quidel rounds out the top five with a a forward P/E ratio of 44.61.
SmarTrend recommended that subscribers consider buying shares of Align Technology on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $64.17. Since that recommendation, shares of Align Technology have risen 49.1%. We continue to monitor Align Technology for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio staar surgical orasure technologies neogen align technology quidel