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
$38.52 |
Change
-0.330(0.85%) |
Mkt cap ! $22.41B | |||
| Open | High | Low | Value | Volume |
| $38.67 | $38.67 | $38.15 | $26.37M | 686.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 361 | $38.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.55 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| RMD (ASX) Chart |