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Relatively High P/E Ratio Detected in Shares of Healthcare Services in the Diversified Support Services Industry (HCSG, RBA, MINI, CPRT, CTAS)

By Amy Schwartz

Below are the three companies in the Diversified Support 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.

Healthcare Services ranks highest with a a P/E ratio of 46.01. Ritchie Bros Auctioneers is next with a a P/E ratio of 30.52. Mobile Mini ranks third highest with a a P/E ratio of 29.54.

Copart follows with a a P/E ratio of 29.43, and Cintas rounds out the top five with a a P/E ratio of 28.15.

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 39.3%. We continue to monitor Copart for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest p/e ratio healthcare services ritchie bros auctioneers mobile mini copart Cintas