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Relatively High Forward P/E Ratio Detected in Shares of K12 in the Education Services Industry (LRN, UTI, EDU, LOPE, APEI)
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Education Services 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.K12 ranks highest with a a forward P/E ratio of 27.51. Universal Technical Institute is next with a a forward P/E ratio of 23.88. New Oriental Education & Technology ranks third highest with a a forward P/E ratio of 15.29.
Grand Canyon Education follows with a a forward P/E ratio of 14.58, and American Public Education rounds out the top five with a a forward P/E ratio of 12.69.
SmarTrend recommended that subscribers consider buying shares of New Oriental Education & Technology on August 22nd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $14.47. Since that recommendation, shares of New Oriental Education & Technology have risen 23.6%. We continue to monitor New Oriental Education & Technology for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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