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.
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 |
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| Last trade - 12.47pm 23/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |