It's just because FMG's price got to high.
Here is FMG's forward PE compared to BHP's over the last 3 years, until recently FMG never traded at a premium to BHP:
Its the same story compared to RIO, except FMG still looks expensive:
It's just because FMG's price got to high.Here is FMG's forward...
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 (20min delay)
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Last
$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.52B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3190 | $21.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.22 | 1058 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |