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Synchronoss Tech has the Lowest P/E Ratio in the Application Software Industry (SNCR, EBIX, CDK, CTXS, MSTR)

By Nick Russo

Below are the three companies in the Application Software industry with the lowest 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.

Synchronoss Tech ranks lowest with a a P/E ratio of 7.76. Ebix Inc is next with a a P/E ratio of 13.59. Cdk Global Inc ranks third lowest with a a P/E ratio of 16.55.

Citrix Systems follows with a a P/E ratio of 24.68, and Microstrategy rounds out the bottom five with a a P/E ratio of 35.73.

SmarTrend recommended that subscribers consider buying shares of Microstrategy on July 31st, 2019 as our technology indicated a new Uptrend was in progress when shares hit $133.86. Since that recommendation, shares of Microstrategy have risen 10.7%. We continue to monitor Microstrategy for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest p/e ratio synchronoss tech ebix inc cdk global inc Citrix Systems microstrategy

Ticker(s): SNCR EBIX CDK CTXS MSTR