The PE is meaningless for MMA. They're a managed fund and managed funds make money from playing the stock market. The PE is essentially the fund's performance for one year, ie a PE of 5 means the fund returns 20% for that year. Obviously markets go up and down and returns from the stock markets are highly volatile. Over the next five years the return might be 5%, -10%, 15%, -20%. Equivalent to a PE for the fund, of 20, -10, 6.66, -5. In other words, the PE is entirely useless.
The PE is meaningless for MMA. They're a managed fund and...
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $48.29M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 24.0¢ | $23.69K | 97.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10333 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 20000 | 1 |
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| Last trade - 15.15pm 19/07/2024 (20 minute delay) ? |
| MMA (ASX) Chart |