What rubbish. COH has the P/E it has because return on equity has been above 50% since it listed. Not to mention no debt. Check out CSL's return on equity.
COH trades at these high P/E levels and will continued to do so while earnings are strong and investors seek the relatively few stocks that are still showing strong growth in a falling market.
There is no reason to suggest that it will fall to CSL prices.
no vaccine for deafness, page-8
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 (20min delay)
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Last
$345.56 |
Change
2.150(0.63%) |
Mkt cap ! $22.69B | |||
| Open | High | Low | Value | Volume |
| $344.00 | $346.88 | $342.49 | $8.592M | 24.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $345.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $345.60 | 10 | 3 |
View Market Depth
| Last trade - 12.34pm 31/07/2024 (20 minute delay) ? |
| COH (ASX) Chart |