COH 0.59% $298.71 cochlear limited

Is this sustainable

  1. 2,032 Posts.
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    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.
 
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