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...
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Last
$42.72 |
Change
-0.430(1.00%) |
Mkt cap ! $3.517B | |||
| Open | High | Low | Value | Volume |
| $44.24 | $44.24 | $41.75 | $10.67M | 250.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 525 | $42.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.80 | 743 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ARB (ASX) Chart |