Alpha
PE on the four majors
WBC 11.26
CBA 15.14
NAB 14.22
ANZ 11.20
PE on SGB 23.2
The major 4 have lost around 25% of their 12 month highs SGB is only down about 10%
SGB is way over priced partly due to a take over premium compared to the 4 majors.
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