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Top 5 Companies in the Life Sciences Tools & Services Industry With the Highest Forward P/E Ratio (NEO, ILMN, BIO, TECH, MTD)

By Shiri Gupta

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.

Neogenomics Inc ranks highest with a a forward P/E ratio of 81.54. Following is Illumina Inc with a a forward P/E ratio of 55.95. Bio-Rad Labs-A ranks third highest with a a forward P/E ratio of 39.65.

Bio-Techne Corp follows with a a forward P/E ratio of 39.56, and Mettler-Toledo rounds out the top five with a a forward P/E ratio of 30.84.

SmarTrend recommended that subscribers consider buying shares of Neogenomics Inc on January 8th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $13.03. Since that recommendation, shares of Neogenomics Inc have risen 50.4%. We continue to monitor Neogenomics Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio neogenomics inc illumina inc bio-rad labs-a bio-techne corp mettler-toledo

Ticker(s): NEO ILMN BIO TECH MTD