This really indicates how RIO failed maximise its assets in a boom with little or no change in earnings.
This years earnings of $6.30 and a pe ratio of 12 will see the company share price fall to as low as $56 and as high as $75 if the BHP take over falls over.
The share price will fluctuate as some of the us largest companies fall into receivership, this will create a market storm with pe ratios fluctuating between 9 and 12.
This applies not only to rio but the whole market.
pathetic earnings pe ration back to 12
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Last
$120.67 |
Change
1.670(1.40%) |
Mkt cap ! $44.79B | |||
| Open | High | Low | Value | Volume |
| $119.51 | $121.04 | $119.20 | $98.70M | 819.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $120.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.70 | 615 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |