Shares of Illumina Rank the Highest in Terms of Forward P/E Ratio in the Life Sciences Tools & Services Industry (ILMN, BIO, AFFX, BRKR, TECH)
Below are the three companies in the Life Sciences Tools & Services 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.
Illumina ranks highest with a a forward P/E ratio of 36.31. Bio-Rad Laboratories is next with a a forward P/E ratio of 35.77. Affymetrix ranks third highest with a a forward P/E ratio of 35.03.
Bruker follows with a a forward P/E ratio of 29.71, and Techne rounds out the top five with a a forward P/E ratio of 28.07.
SmarTrend recommended that subscribers consider buying shares of Techne on February 2nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $87.91. Since that recommendation, shares of Techne have risen 15.9%. We continue to monitor Techne for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio illumina bio-rad laboratories Affymetrix bruker techne