I see what you're saying but it's like expecting a Ferrari (Macquarie) to cost as much as a Tata (NAB). Or a house in Vaucluse (Macquarie) to be worth as much as a house in Penrith (NAB). 20 P/E for such a high-quality business with better growth prospects and lower risk than the other banks seems like a bargain to me. I'd still buy more but I have $30k invested in Macquarie (grown to $45k in 2 years). In the context of the market and where interest rates are, which high-quality business is trading at your average P/E of 13, 14, or 15?
News: MQG UPDATE 1-Macquarie Group trims dividend payout range, profit rises, page-12
Add MQG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$199.71 |
Change
-0.120(0.06%) |
Mkt cap ! $76.22B | |||
| Open | High | Low | Value | Volume |
| $199.50 | $200.71 | $198.24 | $91.85M | 459.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31 | $199.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $199.82 | 244 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |