lol all valuations are based against the risk free return, the risk free returns are rising fast as interest rates normalise quickly.
At even constant equity risk premium, this results in a crushing of PE (which is basically the inverse earnings yield).
Get ready for CSL to trade at its historical PE range band before the the time of a zero interest rate environment and MMT.
The Interest Rate Vomit Trade Has Happened, page-23
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Last
$294.88 |
Change
1.180(0.40%) |
Mkt cap ! $142.5B | |||
| Open | High | Low | Value | Volume |
| $294.99 | $296.49 | $293.82 | $249.0M | 844.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 347 | $294.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $294.89 | 956 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CSL (ASX) Chart |