The way I see it, it is hard to use P/E as a gauge for companies like XRO.
There are companies like APT which doesn't turn a profit and has a $25b market cap, that's after a nearly 50% drop in share price.
At least XRO has an 'E' to have a P/E that is not Nil. Once it grows to a certain stage and cuts back on its investment for growth, the E will increase rapidly. Not to mention the high gross margin that is still growing.
News: XRO Xero Reports FY Net Profit Of NZ$19.8 Mln, page-28
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Last
$145.32 |
Change
-0.700(0.48%) |
Mkt cap ! $22.19B | |||
| Open | High | Low | Value | Volume |
| $144.38 | $146.05 | $143.19 | $38.70M | 267.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 668 | $145.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $145.34 | 910 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| XRO (ASX) Chart |