Top 5 Companies in the Life Sciences Tools & Services Industry With the Lowest Forward P/E Ratio (AMRI, ICLR, PRXL, TMO, PKI)
Below are the three companies in the Life Sciences Tools & 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.
Albany Molecular Research ranks lowest with a a forward P/E ratio of 14.77. ICON is next with a a forward P/E ratio of 16.25. Parexel International ranks third lowest with a a forward P/E ratio of 17.90.
Thermo Fisher Scientific follows with a a forward P/E ratio of 19.19, and PerkinElmer rounds out the bottom five with a a forward P/E ratio of 19.44.
SmarTrend recommended that subscribers consider buying shares of ICON on June 30th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $69.18. Since that recommendation, shares of ICON have risen 10.5%. We continue to monitor ICON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward p/e ratio albany molecular research parexel international thermo fisher scientific perkinelmer