research reports and media, page-709

Most trading platforms provide PE ratio’s for individual stocks and there can be a wide dispersion between stocks in a similar category I.e Bio Tech.
You would expect PAR’s PE to be higher than CSL’s because it will have a higher growth component as it is coming from a lower earnings base, has a lot more unknowns and market expectation is high. This does not mean the PE is justifiable, but it shows the froth in the stock.
CSL’s PE on 06/20’s estimated earning and current price is 43.9
CBA’s PE on 06/20’s estimate is 16.9
The banking sector’s average PE is 17.08
The Bio Tech sectors average PE IS 43.89

So in general Bio’s trade at a much higher PE on average than banks... Why ... because Bio’s have much more potential to out perform than banks.