Lowest P/E Ratio in the Health Care Services Industry Detected in Shares of Alliance HealthCare Services (AIQ, CCM, AIRM, DGX, LH)
Below are the three companies in the Health Care Services industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
Alliance HealthCare Services ranks lowest with a a P/E ratio of 4.57. Following is Concord Medical Services Holdings with a a P/E ratio of 10.85. Air Methods ranks third lowest with a a P/E ratio of 12.52.
Quest Diagnostics follows with a a P/E ratio of 17.71, and Laboratory Corp of America Holdings rounds out the bottom five with a a P/E ratio of 19.92.
SmarTrend recommended that its subscribers protect gains by selling shares of Concord Medical Services Holdings on January 11th, 2016 by issuing a Downtrend alert when the shares were trading at $4.70. Since that call, shares of Concord Medical Services Holdings have fallen 19.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest p/e ratio alliance healthcare services concord medical services holdings air methods quest diagnostics laboratory corp of america holdings