No.
Currencies are just mediums of exchange. PEN's earnings can be translated into yen, dollars, or seashells, the price to earnings measured in each currency will be identical.
Hypothetical scenario:
Earnings US$1
Share Price US$10
PE 10
Translate to Aussie $
Earnings AU$1.42
Share Price AU$14.20
PE 10
If there wasn't parity between the values there would be an arbitrage opportunity.
No. Currencies are just mediums of exchange. PEN's earnings can...
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Last
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.3¢ | 9.1¢ | $478.7K | 5.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 384530 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |