compare apples with apples , not oranges.
I like MQG, but Healthcare stocks are much less affected by economic downturns than Financial stocks,
so MQG should never trade at high PE ratios.
prior to the GFC, MQG was on a low PE ratio also, but that didn't stop it
falling from $97 down to $16 ( over 80% ) and took 10 years to bounce back to
all time highs,
whereas CSL fell from about $43 to about $28 ( 34% ) and bounced back to all time highs
within 4 years.
PE ratios don't tell the full story of a company, it's value or it's growth prospects.
MQG $150, page-9
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Last
$203.03 |
Change
0.210(0.10%) |
Mkt cap ! $77.56B | |||
| Open | High | Low | Value | Volume |
| $201.98 | $203.28 | $201.55 | $114.0M | 563.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1179 | $203.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.12 | 1389 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |