Highest Forward P/E Ratio in the Life Sciences Tools & Services Industry Detected in Shares of Illumina (ILMN, BIO, AFFX, TECH, BRKR)
Below are the three companies in the Life Sciences Tools & 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.
Illumina ranks highest with a a forward P/E ratio of 39.04. Bio-Rad Laboratories is next with a a forward P/E ratio of 36.28. Affymetrix ranks third highest with a a forward P/E ratio of 35.03.
Techne follows with a a forward P/E ratio of 30.82, and Bruker rounds out the top five with a a forward P/E ratio of 27.54.
SmarTrend recommended that its subscribers protect gains by selling shares of Bruker on May 18th, 2016 by issuing a Downtrend alert when the shares were trading at $26.10. Since that call, shares of Bruker have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest forward p/e ratio illumina bio-rad laboratories Affymetrix techne bruker