Why is QBE on a prospective P/e of 10 when SUN is on 17 and IAG on 19? QBE has a projected increase in EPS of 19% according to Westpac Share Trading. Can someone who knows the insurance game clarify? I know QBE's earnings are more erratic than SUN and IAG but a 70% difference seems extraordinary. I know SUN and IAG are basically Aust/NZ and QBE has wider world exposure particularly crop in the US etc, but surely if doubt over QBE projections wouldn't an appropriate P/e be closer to 14-15? Help.. Are there better numbers available elsewhere for comparison?
News: QBE UPDATE 1-Australian insurer QBE's first-half profit more than doubles on higher premiums, page-8
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Last
$22.91 |
Change
0.160(0.70%) |
Mkt cap ! $34.59B | |||
| Open | High | Low | Value | Volume |
| $22.52 | $22.92 | $22.52 | $53.44M | 2.341M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $22.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.93 | 1204 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| QBE (ASX) Chart |