The correlation between the market cap and PE ratio has a multivariance of factors MANY of which are yet to be determined. As with all he data, it's only a guide, not and exact science.
Also well done on your FMG holding, u should look for some more blue chips stocks across other industries if you can, fiance, building/construction manufacturing, energy, medical.
Iron ore price, page-22842
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |