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Top 5 Companies in the Health Care Equipment Industry With the Highest Forward P/E Ratio (CRY, IDXX, MASI, ISRG, EW)

By David Diaz

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.

Cryolife Inc ranks highest with a a forward P/E ratio of 65.03. Idexx Labs is next with a a forward P/E ratio of 59.43. Masimo Corp ranks third highest with a a forward P/E ratio of 54.91.

Intuitive Surgic follows with a a forward P/E ratio of 51.52, and Edwards Life rounds out the top five with a a forward P/E ratio of 45.85.

SmarTrend recommended that subscribers consider buying shares of Cryolife Inc on December 11th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $25.62. Since that recommendation, shares of Cryolife Inc have risen 12.8%. We continue to monitor Cryolife Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio cryolife inc idexx labs masimo corp intuitive surgic edwards life

Ticker(s): CRY IDXX MASI ISRG EW