Yes the only alternative, and brokers do this, is estimate the 2021 profit and establish a forward P/E (as opposed to the trailing P/E) against which they value the stock and discern a Buy value. They do a lot more work on the valuation besides the forward P/E of course but that would be part of the process. As a financial year moves on, the less value can be placed on the trailing P/E. Buying stocks on the basis of a trailing P/E when the circumstances in the current year have changed is dangerous.
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Last
93.5¢ |
Change
0.010(1.08%) |
Mkt cap ! $161.5M | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 93.5¢ | 92.0¢ | $43.1K | 46.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10334 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 6258 | 2 |
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| Last trade - 12.02pm 23/07/2024 (20 minute delay) ? |
| IRI (ASX) Chart |