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.
Is this sustainable
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Last
$330.09 |
Change
-2.420(0.73%) |
Mkt cap ! $21.60B | |||
| Open | High | Low | Value | Volume |
| $331.33 | $333.68 | $328.39 | $7.057M | 21.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $330.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $330.18 | 16 | 3 |
View Market Depth
| Last trade - 11.52am 26/06/2024 (20 minute delay) ? |
| COH (ASX) Chart |