I don't believe PE ratios are a good way to assess mining companies given cyclical commodity prices. If anything the opposite holds true. At the top of the cycle earnings are high therefore PE is low , bad time to buy. At the end of a bust earnings are low therefore PE ratio may be high but a good time to buy
BHP Results Were Not Unexpected. No Fear, page-3
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Last
$41.42 |
Change
-0.145(0.35%) |
Mkt cap ! $209.7B | |||
| Open | High | Low | Value | Volume |
| $41.38 | $41.53 | $41.26 | $42.52M | 1.025M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 2761 | $41.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.42 | 807 | 10 |
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| Last trade - 10.55am 25/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |