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Shares of Servicenow Inc Rank the Highest in Terms of Forward P/E Ratio in the Systems Software Industry (NOW, PFPT, FTNT, QLYS, RHT)

By Amy Schwartz

Below are the three companies in the Systems Software 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.

Servicenow Inc ranks highest with a a forward P/E ratio of 97.69. Following is Proofpoint Inc with a a forward P/E ratio of 77.38. Fortinet Inc ranks third highest with a a forward P/E ratio of 66.54.

Qualys Inc follows with a a forward P/E ratio of 49.25, and Red Hat Inc rounds out the top five with a a forward P/E ratio of 46.47.

SmarTrend recommended that subscribers consider buying shares of Fortinet Inc on November 1st, 2019 as our technology indicated a new Uptrend was in progress when shares hit $89.58. Since that recommendation, shares of Fortinet Inc have risen 30.3%. We continue to monitor Fortinet Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio servicenow inc proofpoint inc Fortinet Inc qualys inc :rht red hat inc