slightly off topic, but FPH margins have been below their long term average since post covid. I believe the market is pricing the stock on profit on normalized margins which gives a far more tame PE of around 50. The PE of 90 is probably the lagging PE for FY24.
Broadly speaking both are quality companies and should trade at a similar PE ratios. FPH is better in terms of having a more diversified revenue base compared to RMD which could be why the market gives it a more generous PE ratio
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Last
$36.88 |
Change
-0.720(1.91%) |
Mkt cap ! $23.36B | |||
| Open | High | Low | Value | Volume |
| $37.36 | $37.42 | $36.84 | $54.23M | 1.466M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11087 | $36.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.90 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RMD (ASX) Chart |