Data is from Bloomberg:
- Top panel is FMG's blended forward 2-year PE - historically this level is not sustained so either the share price should drop, or earnings forecasts need to increase (probably a fair argument for the later at the moment).
- Middle panel is FMG's blended forward 2-year PE, less the same for BHP... currently FMG trades at a relative premium to BHP which is unusual suggesting FMG is overvalued, and BHP is undervalued.
- Bottom panel is the same as the middle panel but using RIO instead. Similar conclusion, but it is worthwhoile noting that FMG trading at a forward PE premium to RIO has become a trend.
Iron ore price, page-48899
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Last
$22.56 |
Change
0.080(0.36%) |
Mkt cap ! $69.18B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.60 | $22.21 | $58.26M | 2.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 487 | $22.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.57 | 5315 | 29 |
View Market Depth
| Last trade - 15.46pm 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |