Can AMP reach $5, page-467

market sentiment is what creates these ridiculous PE ratios 'disproportionate to intrinsic value and/or future implied value'

a PE for AMP is based mostly on 'current market sentiment'. Current market sentiment, as we all know, is based on a royal commission being presented to the nation and whatever cometh after.

'Future implied value' plays a major role in all stocks on the ASX, however there are instances whereby market sentiment overshadows 'intrinsic value' and/or 'future implied value' - this can be to the positive or negative direction - heavily dependent upon 'market sentiment'. in these instances there is opportunity, either short or long, depending upon the 'true intrinsic value presented without market sentiment as a factor'.