Sarc, a p/e only is based on last years earnings (or in this case 1 year future earnings)... You need to be looking out 10 years at least to get a rough view, this is why the SP jumps around a lot. If people thoughts Lynas would make $4m forever per year you are probably correct. This however is not the current valuation the market places on future earnings. IMO that's just crap.
my 2 cents worth?, page-8
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Last
$6.15 |
Change
0.100(1.65%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.18 | $6.37 | $6.08 | $26.63M | 4.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17840 | $6.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.17 | 8880 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |