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Veeva Systems-A has the Highest Forward P/E Ratio in the Health Care Technology Industry (VEEV, HSTM, EVH, MDSO, HMSY)

By David Diaz

Below are the three companies in the Health Care Technology 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.

Veeva Systems-A ranks highest with a a forward P/E ratio of 99.27. Following is Healthstream Inc with a a forward P/E ratio of 68.72. Evolent Health-A ranks third highest with a a forward P/E ratio of 54.96.

Medidata Solutio follows with a a forward P/E ratio of 44.05, and Hms Holdings Cor rounds out the top five with a a forward P/E ratio of 35.95.

SmarTrend recommended that its subscribers protect gains by selling shares of Hms Holdings Cor on August 30th, 2019 by issuing a Downtrend alert when the shares were trading at $36.70. Since that call, shares of Hms Holdings Cor have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest forward p/e ratio veeva systems-a :hstm healthstream inc evolent health-a medidata solutio hms holdings cor

Ticker(s): VEEV EVH MDSO HMSY