Avid Bioservices Inc Forward P/E

What is the Forward P/E of Avid Bioservices Inc?

The Forward P/E of Avid Bioservices Inc is 73.94

What is the definition of Forward P/E?



Forward price to earnings ratio is the ratio of a company’s stock price to the company’s estimated earnings per share for the next twelve months.

The forward price to earnings ratio is similar to trailing price to earnings ratio but instead of net income uses estimated net earnings over next 12 months. Estimates are typically derived as the mean of those published by a select group of analysts with selection criteria varying. The forward price-to-earnings ratio is a powerful, but limited tool. It allows a quick snapshot of the company’s finances without getting down in the details of an accounting report.

Forward P/E of companies in the Health Care sector on NASDAQ compared to Avid Bioservices Inc

What does Avid Bioservices Inc do?

avid bioservices, a subsidiary of peregrine pharmaceuticals, inc. (nasdaq: pphm), is a unique contract manufacturing organization ("cmo") partner dedicated to the development and production of monoclonal antibodies, recombinant proteins and enzymes produced in mammalian cell culture. our extensive experience at all stages of development enables us to provide comprehensive development, manufacturing and support services to navigate a biologic from concept to commercialization.

Companies with forward p/e similar to Avid Bioservices Inc