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Shares of Abiomed Inc Rank the Highest in Terms of Forward P/E Ratio in the Health Care Equipment Industry (ABMD, INGN, ZLTQ, CRY, ABAX)

By Amy Schwartz

Below are the three companies in the Health Care Equipment 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.

Abiomed Inc ranks highest with a a forward P/E ratio of 90.25. Inogen Inc is next with a a forward P/E ratio of 71.53. Zeltiq Aesthetic ranks third highest with a a forward P/E ratio of 63.11.

Cryolife Inc follows with a a forward P/E ratio of 52.56, and Abaxis Inc rounds out the top five with a a forward P/E ratio of 48.50.

SmarTrend recommended that subscribers consider buying shares of Zeltiq Aesthetic on November 7th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $35.69. Since that recommendation, shares of Zeltiq Aesthetic have risen 58.3%. We continue to monitor Zeltiq Aesthetic for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio abiomed inc inogen inc :zltq zeltiq aesthetic cryolife inc abaxis inc

Ticker(s): ABMD INGN CRY ABAX