Stocks that outperform their industry peers and trade at high price-to-earnings (P/E) ratios can often be intriguing, as it is hard to argue with exceptional results. However, over-exuberance in the market hardly ever goes unnoticed, or unpunished. “Bulls and bears make money, pigs get slaughtered.” The following stocks are significantly outperforming their peers and trading at exceptionally high P/E ratios (abnormally high valuations): 1) Genetic Technologies (NASDAQ:

): Shares of Genetic Technologies have outperformed the Biotechnology and Drugs Industry by 595.6% year-to-date. The stock has an astounding P/E value of 781.3 and has gained 630.77% in the past year. Shares recently set a 52-week high of $9.80 on May 11th. A double top is taking shape on a nine month daily chart. 2) Green Mountain Coffee Roasters (NASDAQ:

): Shares of Green Mountain Coffee Roasters have outperformed the Processed & Packaged Goods Industry by 103.9% year-to-date. The stock has an extremely high P/E value of 97 and has gained 192.3% over the past year. Shares recently set a 52-week high of $78.45 on May 4th. The stock has been stuck in a consolidation pattern for the past eight trading sessions. 3) BroadSoft (NASDAQ:

): Shares of BroadSoft have outperformed the Application Software Industry by 62.8% year-to-date. The stock has an extremely high P/E value of 108.1 and has gained 405% over the past year. Shares set a 52-week high of $55.45 on March 18th. The stock has been stuck in a tight consolidation pattern since the end of March. 4) Powerwave Technologies (NASDAQ:

): Shares of Powerwave have outperformed the Communication Equipment Industry by 56.5% year-to-date. The stock has an extremely high P/E value of 94 and has gained 124.6% over the past year. Shares set a 52-week high of $4.87 on March 24th. The stock recently broke below its 50-day simple moving average on a six month daily chart. 5) Acme packet (NASDAQ:

): Shares of Acme Packet have outperformed the Communication Equipment Industry by 44.3% year-to-date. The stock has an extremely high P/E value of 113 and has gained 191.7% over the past year. Shares recently set a 52-week high of $84.50 on April 29th. The stock has bounced off its 50-day simple moving average (one year chart) twice in the past eight trading sessions. 6) Accretive Health (NYSE:

): Shares of Accretive Health have outperformed the Management Services Industry by 41.9% year-to-date. The stock has an extremely high P/E value of 203.3 and has gained 101% over the past year. Shares recently set a 52-week high of $28.85 on April 29th. The stock is looking to close below its 50-day simple moving average (one year chart) for the first time since November 18th. 7) Ariba (NASDAQ:

): Shares of Ariba have outperformed the Internet Software & Services Industry by 35.4% year-to-date. The stock has an extremely high P/E value of 201.7 and has gained 135% over the past year. Shares recently set a 52-week high of $35.84 on May 10th. 8) DynaVox (NASDAQ:

): Shares of DynaVox have outperformed the Communication Equipment Industry by 45% year-to-date. The stock has an extremely high P/E value of 86 and has lost 46% over the past year. Shares recently broke out of a four month consolidation range. 9) Rackspace Hosting (NYSE:

): Shares have outperformed the Internet Software & Services Industry by 26.3% year-to-date. The stock has an extremely high P/E value of 111.8 and has gained 147% over the past year. Shares recently set a 52-week high of $46.49 on May 2nd. 10) China Unicom (NYSE:

): Shares have outperformed the Wireless Communications Industry by 32.5% year-to-date. The stock has an extremely high P/E value of 107.4 and has gained 64% over the past year. Shares recently set a 52-week high of $20.63 on April 21st. The stock has tried numerous times to break above that level since, but has been unsuccessful.

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