I have an accounting and business background. The PE ratio is high because the co. is just starting to become profitable. For co's that are just starting to break even, the PE is quite meaningless. The PE becomes more meaningful when the profit starts to stabilise.
Hopes this helps.
I have an accounting and business background. The PE ratio is...
Add XRO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$127.10 |
Change
1.540(1.23%) |
Mkt cap ! $19.36B | |||
| Open | High | Low | Value | Volume |
| $127.44 | $128.00 | $125.66 | $53.07M | 419.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 494 | $127.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.10 | 720 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$126.70 |
Change
1.540 ( 0.81 %) |
||||
| Open | High | Low | Volume | ||
| $127.33 | $128.00 | $125.66 | 31119 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| XRO (ASX) Chart |