Relatively High P/E Ratio Detected in Shares of Affymetrix in the Life Sciences Tools & Services Industry (AFFX, AMRI, ILMN, CBM, BRKR)
Below are the three companies in the Life Sciences Tools & Services industry with the highest 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.
Affymetrix ranks highest with a a P/E ratio of 72.89. Following is Albany Molecular Research with a a P/E ratio of 47.70. Illumina ranks third highest with a a P/E ratio of 46.87.
Cambrex follows with a a P/E ratio of 45.20, and Bruker rounds out the top five with a a P/E ratio of 39.83.
SmarTrend recommended that subscribers consider buying shares of Affymetrix on October 28th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $9.46. Since that recommendation, shares of Affymetrix have risen 48.1%. We continue to monitor Affymetrix for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest p/e ratio Affymetrix albany molecular research illumina cambrex bruker