Hi XForceOne,
You realise that there is nothing specific to MSB about your reasoning? You seem to think you have demonstrated that no share could have a valuation of 30 times EPS. But they do.
The error comes where you say "... a P/E of 30, as you might know, means that if I invested $100 today, it would generate $3.3 year after year". No, we don't know that. Because it doesn't. The market is forward-looking.
Hi XForceOne,You realise that there is nothing specific to MSB...
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Last
$1.03 |
Change
-0.025(2.38%) |
Mkt cap ! $1.170B | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.06 | $1.02 | $5.734M | 5.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 203347 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 125348 | 6 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.03 |
Change
-0.025 ( 2.94 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.06 | $1.02 | 953870 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| MSB (ASX) Chart |