Sorry Convexity,
I was referring to the graphs under this post from a couple of days ago:
"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."
This was fancy.
Iron ore price, page-48941
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104054 | $17.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.07 | 4370 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |