"A pe ratio of 7 indicates anticipation of a fall in profits. The market has tolerated pe ratios of 16 to 18 for some time. A pe ratio of 7 surely indicates profits could be cut in half. A share price of 16 would give BHP a pe ratio of 14 which is 7% return on investment. That seems reasonable in a volatile market."
I want some of what you are smoking...
If the share prices goes from 32 to 16 the p/e ratio halves, it does not double. So the P/E ratio will go to 3.5 not 14. That's why the "P" comes before the "E"
bhp price traget 16, page-31
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Last
$40.94 |
Change
0.060(0.15%) |
Mkt cap ! $207.6B | |||
| Open | High | Low | Value | Volume |
| $41.13 | $41.24 | $40.86 | $262.2M | 6.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $40.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.95 | 1333 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |