I think using the PE by itself is very dangerous, if you do not take into account of the growth rate. CSL currently trade at 35x 2018 earning of 463cps. If you take into account the expected EPS growth rate of CSL, which is at 18%, in 3 years the PE would be 21. Quoting the PE by itself without doing any additional analysis will led someone to invest in RFG (for example) rather than CSL.
As for the short on the whole market, the world economy is growing because America is growing again, which is going to increase profits in a lot of companies. It is sometimes not wise to stand in front of a charging bull
Ann: Half Year Results Analyst Presentation, page-94
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Last
$300.77 |
Change
5.990(2.03%) |
Mkt cap ! $145.3B | |||
| Open | High | Low | Value | Volume |
| $295.29 | $302.30 | $295.20 | $232.9M | 775.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $300.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $300.82 | 2599 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |