Banks have a PE on yesterday's (top of the cycle earnings), which cannot be relied on going forwards. AMP has already been belted and it's E is now likely bottom of the cycle earnings. Hence don't believe you can accurately compare the two in that way, at this point in time.
AMP is a clear deep value play, but will require some patience before the rewards.
when will AMP HIT $3.00, page-698
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 (20min delay)
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Last
$1.09 |
Change
0.005(0.46%) |
Mkt cap ! $2.860B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.10 | $1.09 | $6.516M | 5.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 771452 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 62091 | 8 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |