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Shares of Healthequity Inc Rank the Highest in Terms of Forward P/E Ratio in the Managed Health Care Industry (HQY, MOH, WCG, UNH, HUM)

By James Quinn

Below are the three companies in the Managed Health Care 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.

Healthequity Inc ranks highest with a a forward P/E ratio of 44.46. Following is Molina Healthcar with a a forward P/E ratio of 27.05. Wellcare Health ranks third highest with a a forward P/E ratio of 21.38.

Unitedhealth Grp follows with a a forward P/E ratio of 17.99, and Humana Inc rounds out the top five with a a forward P/E ratio of 17.17.

SmarTrend recommended that its subscribers protect gains by selling shares of Healthequity Inc on December 6th, 2018 by issuing a Downtrend alert when the shares were trading at $75.05. Since that call, shares of Healthequity Inc have fallen 25.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest forward p/e ratio healthequity inc molina healthcar wellcare health unitedhealth grp humana inc

Ticker(s): HQY MOH WCG UNH HUM