It's not a giggling matter when you're throwing out PE averages for an entire sector to suit your objective that the share price is "undervalued". If you want to stick to facts, when was the last time a big producer like FMG, BHP, RIO traded on a multiple of 20 or higher? Yet you're using that figure to justify that PLS is undervalued.
I'm not insulting you. I'm highlighting that you're using highly dubious figures to come to a conclusion. PLS is ridiculously expensive at the current price of spod on every metric. It's an insult to common sense when I read people saying that the share price is currently "undervalued". The creative figures people are using to justify it just shows what lengths people will go to to justify something they have fallen in love with.
Spodumene Prices, page-4047
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Last
$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 281921 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 221281 | 8 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |