Already a subscriber?There’s something innately comfortable about investing in companies you know and a market you’re familiar with, so it’s hardly surprising Australian investors – like their peers all over the world – have aOn top of world-class companies such as BHP, Rio Tinto, CSL, Cochlear, Goodman Group and James Hardie – plus domestic household names JB Hi-Fi, Commonwealth Bank and Woolworths – throw in the benefits of Australia’s famously high dividends and the bonus of imputation...
However, if earnings growth was 10 per cent and the market went up 20 per cent, then the PE ratio has doubled, meaning sentiment has played a big role in returns. At the end of March this year, the S&P/ASX 200 was trading on 16.9 times forecast earnings, which makes it pretty pricey compared with its 20-year average of 14.9.
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Source: 7NewsMelbourne - 🏆 18. / 59 Read more »