In the current market session, IQVIA Hldgs Inc. (NYSE:IQV) price is at $139.70, after a 1.20% increase. However, over the past month, the stock fell by 10.72%, and in the past year, by 39.57%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.

A Look at IQVIA Hldgs P/E Relative to Its Competitors

The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.

Compared to the aggregate P/E ratio of the 43.78 in the Life Sciences Tools & Services industry, IQVIA Hldgs Inc. has a lower P/E ratio of 18.83. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued.