Shares of Psychemedics Rank the Lowest in Terms of Forward P/E Ratio in the Health Care Services Industry (PMD, AIRM, RDNT, CCM, ESRX)
Below are the three companies in the Health Care Services industry with the lowest 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.
Psychemedics ranks lowest with a a forward P/E ratio of 8.88. Air Methods is next with a a forward P/E ratio of 11.90. RadNet ranks third lowest with a a forward P/E ratio of 12.19.
Concord Medical Services Holdings follows with a a forward P/E ratio of 12.57, and Express Scripts rounds out the bottom five with a a forward P/E ratio of 12.80.
SmarTrend recommended that subscribers consider buying shares of Express Scripts on April 19th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $72.26. Since that recommendation, shares of Express Scripts have risen 9.1%. We continue to monitor Express Scripts for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward p/e ratio psychemedics air methods radnet concord medical services holdings Express Scripts