July 24, 2010

What are some very undervalued and overvalued stocks on the Australian Stock Exchange (ASX) at the moment?

By Planet Wealth

Also, what are some useful indicators to determine whether a stock is undervalued or overvalued (e.g. P/E ratio)?

Topics: stock market | 1 Comment »

One Response to “What are some very undervalued and overvalued stocks on the Australian Stock Exchange (ASX) at the moment?”

  1. Space Invader101 Says:
    July 24th, 2010 at 12:46 pm

    Some ASX stocks with a low P/E ratio include:

    Boart Longyear (BLY)
    Flight Centre (FLT)
    Hastie Group (HST)
    Incitec Pivot (IPL)
    Macquarie Airports (MAP)
    Ten Network (TEN)

    Some people also use PEG ratios, but I just keep it simple and just use P/E. I’ve been looking for stocks with PE’s between 1 and 12, preferably under 10 to get in before all the speculators. Dividend yield can be useful too.

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