Sorry Convexity,
I was referring to the graphs under this post from a couple of days ago:
"Data is from Bloomberg:
- Top panel is FMG's blended forward 2-year PE - historically this level is not sustained so either the share price should drop, or earnings forecasts need to increase (probably a fair argument for the later at the moment).
- Middle panel is FMG's blended forward 2-year PE, less the same for BHP... currently FMG trades at a relative premium to BHP which is unusual suggesting FMG is overvalued, and BHP is undervalued.
- Bottom panel is the same as the middle panel but using RIO instead. Similar conclusion, but it is worthwhoile noting that FMG trading at a forward PE premium to RIO has become a trend."
This was fancy.
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Sorry Convexity,I was referring to the graphs under this post...
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5 | 18935 | 21.510 |
4 | 14244 | 21.500 |
1 | 32102 | 21.490 |
2 | 20203 | 21.480 |
Price($) | Vol. | No. |
---|---|---|
21.550 | 1500 | 1 |
21.620 | 10096 | 4 |
21.630 | 14286 | 4 |
21.640 | 5354 | 4 |
21.650 | 35570 | 7 |
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