Dear All
As of close today MRE is trading at a prospective PE of 7.33 vs JBM at 12.95.
Given MRE will surprise more to the upside on earnings than JBM, MRE is trading at quite a discount to JBM.
Applying even the same PE to MRE as JBM, we arrive at a share price of $6.98.
If fundamentals are driving the share price, we have some way to go yet.
Regards Eos
jbm vs mre : relative pe
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Last
$1.99 |
Change
-0.010(0.50%) |
Mkt cap ! $301.3M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $1.99 | $2.538M | 1.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2204 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 22165 | 1 |
View Market Depth
| Last trade - 15.57pm 16/10/2024 (20 minute delay) ? |
| MRE (ASX) Chart |