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Illumina Inc is Among the Companies in the Life Sciences Tools & Services Industry With the Highest Forward P/E Ratio (ILMN, LMNX, NEO, BIO, TECH)

By David Diaz

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 Inc ranks highest with a a forward P/E ratio of 45.54. Luminex Corp is next with a a forward P/E ratio of 37.02. Neogenomics Inc ranks third highest with a a forward P/E ratio of 36.44.

Bio-Rad Labs-A follows with a a forward P/E ratio of 32.74, and Bio-Techne Corp rounds out the top five with a a forward P/E ratio of 30.32.

SmarTrend recommended that subscribers consider buying shares of Bio-Techne Corp on February 15th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $140.99. Since that recommendation, shares of Bio-Techne Corp have risen 5.6%. We continue to monitor Bio-Techne Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio illumina inc luminex corp neogenomics inc bio-rad labs-a bio-techne corp

Ticker(s): ILMN LMNX NEO BIO TECH