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Paylocity Holdin has the Highest Forward P/E Ratio in the Application Software Industry (PCTY, SPLK, QADA, PAYC, GWRE)

By David Diaz

Below are the three companies in the Application Software 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.

Paylocity Holdin ranks highest with a a forward P/E ratio of 93.57. Splunk Inc is next with a a forward P/E ratio of 85.97. Qad Inc-A ranks third highest with a a forward P/E ratio of 77.81.

Paycom Software follows with a a forward P/E ratio of 75.82, and Guidewire Softwa rounds out the top five with a a forward P/E ratio of 70.91.

SmarTrend is monitoring the recent change of momentum in Guidewire Softwa. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Guidewire Softwa in search of a potential trend change.

Keywords: highest forward p/e ratio paylocity holdin splunk inc qad inc-a paycom software guidewire softwa

Ticker(s): PCTY SPLK QADA PAYC GWRE