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Highest Forward P/E Ratio in the Managed Health Care Industry Detected in Shares of Healthequity Inc (HQY, MOH, WCG, UNH, HUM)

By Amy Schwartz

Below are the three companies in the Managed Health Care 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.

Healthequity Inc ranks highest with a a forward P/E ratio of 47.64. Molina Healthcar is next with a a forward P/E ratio of 22.98. Wellcare Health ranks third highest with a a forward P/E ratio of 22.33.

Unitedhealth Grp follows with a a forward P/E ratio of 16.36, and Humana Inc rounds out the top five with a a forward P/E ratio of 16.34.

SmarTrend recommended that its subscribers protect gains by selling shares of Healthequity Inc on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $76.26. Since that call, shares of Healthequity Inc have fallen 20.7%. 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 healthequity inc molina healthcar wellcare health unitedhealth grp humana inc

Ticker(s): HQY MOH WCG UNH HUM