different sectors trade on different PE ratios because of earnings stability, defensive nature, risk, growth etc.
Banks are highly risky businesses. Hence always and should attract a low PE compared to a defensive staple like WOW or COL. cannot compare the 2.
Every financial crisis or incident it’s why you see bank share prices get obliterated 50%. Many international counterparts even worse or even bust. Do you see that in defensive staples during times of duress? No, you don’t.
different sectors trade on different PE ratios because of...
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Last
$32.44 |
Change
0.240(0.75%) |
Mkt cap ! $39.62B | |||
| Open | High | Low | Value | Volume |
| $32.26 | $32.54 | $32.14 | $48.24M | 1.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25067 | $32.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.44 | 3053 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$32.53 |
Change
0.240 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| $32.25 | $32.54 | $32.15 | 307395 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| WOW (ASX) Chart |