Currently, MFG is trading at around 4x book value.
Over the recent past (around 5 or so years) when MFG experienced it's most explosive growth, it averaged around 10x book value.
HOWEVER, if we look a little longer into the past, we find that during times of non-explosive growth, the mean price to book value was around 1.5x.
Given MFG's growth could be in a bit of trouble in the near future, I personally think the stockprice has got plenty of legs to fall MUCH further.
All IMO, DYOR.
Ann: St James's Place Mandate, page-143
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Last
$9.76 |
Change
0.030(0.31%) |
Mkt cap ! $1.764B | |||
| Open | High | Low | Value | Volume |
| $9.81 | $9.85 | $9.71 | $3.173M | 324.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 823 | $9.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.82 | 33318 | 5 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |