Fundamentals between exchanges are flawed on NASDAQ BHP is trading with a pe ratio of 5.5 and on the ASX a pe ratio of 8.64 this means that on the astralian exchange bhp is trading 36% more than the us.
Its overpriced because its over valuation is relative to its pe ratio. If you took the australia share price back to a pe ratio of 5.5 the asx price would be $15.80 and this does make sense because thats a reduction in share price of 36% to reflect comparitive value.
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target of 15 dollars with nasdaq comparison
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Last
$40.65 |
Change
-0.290(0.71%) |
Mkt cap ! $206.2B |
Open | High | Low | Value | Volume |
$40.68 | $40.79 | $40.53 | $120.7M | 2.960M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1040 | $40.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.65 | 6579 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 2394 | 40.580 |
14 | 5556 | 40.570 |
13 | 3455 | 40.560 |
14 | 3932 | 40.550 |
10 | 3117 | 40.540 |
Price($) | Vol. | No. |
---|---|---|
40.590 | 1971 | 11 |
40.600 | 3670 | 9 |
40.610 | 3436 | 10 |
40.620 | 3275 | 9 |
40.630 | 2810 | 8 |
Last trade - 12.47pm 23/08/2024 (20 minute delay) ? |
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