Are you comparing unlisted versus a listed practice? It seems so. A poor comparison IMO.
KPG reported EPS of 6c per share last half, so let’s say 12c for the FY. At current share price they are on a PE of 20. Yes this is expensive vs history.
However they increased NPAT over 50% and ROE is over 40% last half. With these metrics they thoroughly deserve to be on a PE of 20 IMO.
Gosouth
KPG Price at posting:
$2.34 Sentiment: None Disclosure: Held
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