i short RHC a few years ago at around $68... it was overvalued
below is a history of CSL PE ratios at Sept quarter high price & Dec quarter low price
now today's CSL PE x 38 is based on forecast 30/6/18 earnings
it can be seen below the CSL PE ratio is at its historical maximum of Sept 2016 of 39, which fell to PE x 30 in Dec 2016
note: the $121 high occurred in July 2016. but in August & Sept, the price range was $99 to $109. in other words, the PE ratio of 39 was very short lived
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)