Relatively High Forward P/E Ratio Detected in Shares of Healthcare Services in the Diversified Support Services Industry (HCSG, RBA, CPRT, MINI, CTAS)
Below are the three companies in the Diversified Support 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.
Healthcare Services ranks highest with a a forward P/E ratio of 36.17. Following is Ritchie Bros Auctioneers with a a forward P/E ratio of 26.11. Copart ranks third highest with a a forward P/E ratio of 23.37.
Mobile Mini follows with a a forward P/E ratio of 21.86, and Cintas rounds out the top five with a a forward P/E ratio of 21.57.
SmarTrend recommended that subscribers consider buying shares of Copart on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $35.79. Since that recommendation, shares of Copart have risen 36.6%. We continue to monitor Copart for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio healthcare services ritchie bros auctioneers copart mobile mini Cintas