2yr forward PE's are uninteresting:
- RIO and FMG on about 12.5x
- BHP was 15x from memory; and- Vale 9 from memory as well.
If FMG, RIO etc traded significantly higher, their forward PE's would become expensive, that's why the share prices are pinned down around these levels.
Iron ore price, page-31779
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |