"A pe ratio of 7 indicates anticipation of a fall in profits. The market has tolerated pe ratios of 16 to 18 for some time. A pe ratio of 7 surely indicates profits could be cut in half. A share price of 16 would give BHP a pe ratio of 14 which is 7% return on investment. That seems reasonable in a volatile market."
I want some of what you are smoking...
If the share prices goes from 32 to 16 the p/e ratio halves, it does not double. So the P/E ratio will go to 3.5 not 14. That's why the "P" comes before the "E"
bhp price traget 16, page-31
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |