With today's dip below $16 ARB is starting to look like reasonable value again with a trailing P/E of under 25x and a consensus forecast 2019 P/E of around 21x, albeit on an ambitious forecast EPS growth rate of 17%.
IMHO this might be a good entry point for longer term investors wishing to secure a position in what is undoubtedly one of the ASX's highest quality midcaps.
@madamswer, @MarsC, any observations?
With today's dip below $16 ARB is starting to look like...
Add ARB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$40.21 |
Change
0.640(1.62%) |
Mkt cap ! $3.300B | |||
| Open | High | Low | Value | Volume |
| $40.08 | $40.45 | $39.91 | $1.743M | 43.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 193 | $40.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.21 | 130 | 7 |
View Market Depth
| Last trade - 15.44pm 29/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |