Top 5 Companies in the Health Care Technology Industry With the Lowest P/E Ratio (CPSI, QSII, SLP, CERN, OMCL)
Below are the three companies in the Health Care Technology 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.
Computer Programs & Systems ranks lowest with a a P/E ratio of 12.34. Quality Systems is next with a a P/E ratio of 17.81. Simulations Plus ranks third lowest with a a P/E ratio of 25.99.
Cerner follows with a a P/E ratio of 36.04, and Omnicell rounds out the bottom five with a a P/E ratio of 48.35.
SmarTrend recommended that its subscribers protect gains by selling shares of Computer Programs & Systems on March 16th, 2016 by issuing a Downtrend alert when the shares were trading at $51.33. Since that call, shares of Computer Programs & Systems have fallen 49.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest p/e ratio computer programs & systems quality systems simulations plus cerner omnicell