Just bear in mind all the nuance you miss when you try to apply a generic rule to all sorts of different size companies across completely different sectors. It also depends which rule you choose. What if we take Peter Lynch's 'rule of 20'?
CSL projected earnings growth of 9% (below expectations to be conservative) + 20 = 29.
Current P/E is below 29 so that makes it undervalued, right? Wait a minute, your other Peter Lynch rule says it's still overvalued. Hmmm.....
CSL Price at posting:
$264.85 Sentiment: None Disclosure: Held
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