COH 0.42% $330.76 cochlear limited

Is this sustainable

  1. 2,012 Posts.
    lightbulb Created with Sketch. 498
    The P/E looks to have gotten well beyond 50. For a company growing at 10% pa this seems a bit overdone (it has hit another All time high today). What are peoples thoughts.

    I think P/E of 50 is too high because this is higher than even CSL, RMD and FPH (all of which are good defensive stocks with reasonable certainty in earnings growths).

    As a holder I obviously want this uptrend to continue but to expand my knowledge it would be good to get other peoples opinions.
 
watchlist Created with Sketch. Add COH (ASX) to my watchlist
(20min delay)
Last
$330.76
Change
-1.400(0.42%)
Mkt cap ! $21.66B
Open High Low Value Volume
$332.30 $332.85 $329.51 $38.31M 115.7K

Buyers (Bids)

No. Vol. Price($)
1 68 $330.59
 

Sellers (Offers)

Price($) Vol. No.
$330.87 132 2
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
COH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.