Hi all,
I must be missing something hear but I just don't know what it is. If RIO posted earning of $7 billion and its market cap is $30 billion, then isn't RIO on a p/e of less than 4?
This can't be right, can someone please tell me what I am missing here. I am of the understanding that earnings is the same as profit i.e NPAT
Anyone?
results vs the market, page-9
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Last
$121.33 |
Change
2.020(1.69%) |
Mkt cap ! $45.03B | |||
| Open | High | Low | Value | Volume |
| $118.69 | $121.55 | $118.37 | $111.5M | 926.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2612 | $121.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.42 | 886 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |