Health Care Distributors with Lowest Forward Price to Earnings Ratios
The Health Care Distributors industry consists of companies that supply medical devices, equipment, and pharmaceuticals to healthcare providers. These companies play a crucial role in ensuring the availability of essential medical supplies. However, some of these companies are undervalued due to low forward price to earnings (P/E) ratios. According to SmarTrend's analysis, the following three companies in the industry have the lowest forward P/E ratios, indicating potential undervaluation.
Key Takeaways:
- Aceto has the lowest forward P/E ratio of 13.92, indicating significant undervaluation.
- Owens & Minor ranks second with a forward P/E ratio of 16.31, indicating a moderate level of undervaluation.
- PharMerica ranks third lowest with a forward P/E ratio of 17.76, with a significant increase of 46.4% since SmarTrend recommended buying shares on January 9th, 2015.
- Cardinal Health and McKesson follow with forward P/E ratios of 18.09 and 19.14, respectively.
- SmarTrend recommends monitoring these companies for potential shift in market trends.
- PharMerica's share price has risen since SmarTrend's recommendation, with investors advised to protect gains and wait for further alerts from the company.
Statistics:
- Aceto's forward P/E ratio is 13.92, significantly lower than the industry average.
- Owens & Minor's forward P/E ratio is 16.31, indicating moderate undervaluation.
- PharMerica's forward P/E ratio is 17.76, with a 46.4% increase in share price since SmarTrend's recommendation.
- Cardinal Health's forward P/E ratio is 18.09, with a share price increase since the beginning of 2015.
- McKesson's forward P/E ratio is 19.14, indicating the most expensive valuation among the five companies.
Sources:
- SmarTrend(R) News Watch
- COMTEX
- MySmarTrend.com
- Copyright, Comtex News Network, Inc. 2015