well you have to look at P/E in context. Looking at P/E for a company which is developing a mine is silly, they don't have an E yet ( although you can look at future E ).
For a company like CSL P/E is important. Its very high. The only way you could justify the current P/E is if earnings increase about 20% a year indefinitely. Market seems to think thats likely, I am slightly dubious myself.
csl off the scale: broken out of trading range, page-14
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Last
$308.53 |
Change
3.060(1.00%) |
Mkt cap ! $149.0B | |||
| Open | High | Low | Value | Volume |
| $308.99 | $308.99 | $305.97 | $232.7M | 769.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 913 | $307.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $308.59 | 20 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |