[June 17, 2013] Relatively High Forward P/E Ratio Detected in Shares of Agilysys in the Technology Distributors Industry (AGYS, ELRC, SCSC, PCCC, AXE) Tweet Jun 17, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Technology Distributors 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.Agilysys ranks highest with a a forward P/E ratio of 38.89. Electro Rent is next with a a forward P/E ratio of 15.98. Scansource ranks third highest with a a forward P/E ratio of 12.15. PC Connection follows with a a forward P/E ratio of 11.00, and Anixter International rounds out the top five with a a forward P/E ratio of 10.84. SmarTrend recommended that subscribers consider buying shares of Agilysys on December 17th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $8.47. Since that recommendation, shares of Agilysys have risen 60.7%. We continue to monitor Agilysys 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 ]