I don't believe PE ratios are a good way to assess mining companies given cyclical commodity prices. If anything the opposite holds true. At the top of the cycle earnings are high therefore PE is low , bad time to buy. At the end of a bust earnings are low therefore PE ratio may be high but a good time to buy
BHP Results Were Not Unexpected. No Fear, page-3
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Last
$42.78 |
Change
0.030(0.07%) |
Mkt cap ! $216.9B | |||
| Open | High | Low | Value | Volume |
| $42.92 | $43.08 | $42.62 | $778.2M | 18.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.81 | 119112 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |