[May 24, 2013] Top 5 Companies in the Application Software Industry With the Lowest Forward P/E Ratio (UEPS, EPIQ, ASIA, ACTU, MENT) Tweet May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Application Software industry with the lowest 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.Net 1 UEPS Technologies ranks lowest with a a forward P/E ratio of 6.14. Following is EPIQ Systems with a a forward P/E ratio of 9.90. AsiaInfo Holdings ranks third lowest with a a forward P/E ratio of 9.97. Actuate follows with a a forward P/E ratio of 10.78, and Mentor Graphics rounds out the bottom five with a a forward P/E ratio of 10.81. SmarTrend recommended that subscribers consider buying shares of Net 1 UEPS Technologies on December 7th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $5.22. Since that recommendation, shares of Net 1 UEPS Technologies have risen 41.9%. We continue to monitor Net 1 UEPS Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]