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Relatively High Forward P/E Ratio Detected in Shares of Veeva Systems-A in the Health Care Technology Industry (VEEV, EVH, HSTM, MDSO, INOV)

By Amy Schwartz

Below are the three companies in the Health Care Technology 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.

Veeva Systems-A ranks highest with a a forward P/E ratio of 94.38. Following is Evolent Health-A with a a forward P/E ratio of 81.84. Healthstream Inc ranks third highest with a a forward P/E ratio of 71.97.

Medidata Solutio follows with a a forward P/E ratio of 44.17, and Inovalon Holdi-A rounds out the top five with a a forward P/E ratio of 43.77.

SmarTrend recommended that subscribers consider buying shares of Inovalon Holdi-A on November 5th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $16.65. Since that recommendation, shares of Inovalon Holdi-A have risen 18.0%. We continue to monitor Inovalon Holdi-A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio veeva systems-a evolent health-a :hstm healthstream inc medidata solutio inovalon holdi-a

Ticker(s): VEEV EVH MDSO INOV