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
I don't believe PE ratios are a good way to assess mining...
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Last
$43.03 |
Change
-0.290(0.67%) |
Mkt cap ! $216.9B | |||
| Open | High | Low | Value | Volume |
| $42.88 | $43.03 | $42.67 | $96.45M | 2.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1970 | $43.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.02 | 1203 | 4 |
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| Last trade - 13.18pm 26/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |