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.
Yes the only alternative, and brokers do this, is estimate the...
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Last
92.5¢ |
Change
-0.015(1.60%) |
Mkt cap ! $161.5M | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 97.0¢ | 91.0¢ | $282.2K | 297.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 499 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 527 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| IRI (ASX) Chart |