1-3 times p/e? Where did you get that figure from?
"According to Commsec, the long-term trend for the P/E ratio of the ASX 200 is around 15x. So generally speaking, an ASX 200 stock that trades below the 15x multiple could be considered cheap over the long run" - https://unauthorised investment advice/experts/pr...r-shouldnt-use-it-to-find-undervalued-stocks/
And for growth stocks, the number can be 25-30x
So, what is a good PE ratio for a stock? A “good” P/E ratio isn’t necessarily a high ratio or a low ratio on its own.
The market average P/E ratio currently ranges from 20-25, so a higher PE above that could be considered bad, while a lower PE ratio could be considered better - https://www.investmentzen.com/blog/what-is-a-good-pe-ratio-for-a-stock
The P/E ratio is calculated by dividing the stock's current price by its latest earnings per share. A high P/E ratio suggests that investors see it as a growth stock. It may also mean that the stock is overvalued. The average P/E of S&P 500 Index stocks is 25. - https://www.investopedia.com/invest...:text=The P/E ratio is,500 Index stocks is 25.
- Forums
- ASX - By Stock
- BRN
- 2022 BRN Discussion
2022 BRN Discussion, page-10117
-
-
- There are more pages in this discussion • 806 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
|
|||||
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $318.9M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $762.1K | 4.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
74 | 1992857 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 1302589 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
74 | 1996830 | 0.155 |
137 | 4407099 | 0.150 |
40 | 984118 | 0.145 |
38 | 1075758 | 0.140 |
7 | 236468 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 1197814 | 25 |
0.165 | 916509 | 16 |
0.170 | 973517 | 18 |
0.175 | 986112 | 17 |
0.180 | 1385875 | 20 |
Last trade - 15.31pm 05/09/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |