Not that strange. FMG is the cheapest of the big 3 on a P/E basis. It is good to note that all 3 are below the sector P/E average of 12.99 which makes all 3 good value even with todays upswing. Anything below 10 is well and truly in the bargain... S32, PLS etc.
As usual all the China economic doom and gloom rhetoric is overdone. You can't be overly optimistic, even worse overly pessimistic because reality is usually somewhere in between. The market is in the process of realising this after a very pessimistic outlook on the back of the last CCP shindig.
Not that strange. FMG is the cheapest of the big 3 on a P/E...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |