Originally Posted by
percy
I am extremely nervous about the NZ market.Although I think the outlook for NZ is excellent,I am concerned about the valuations of a number of stocks.I have held EBO for a number of years,the PE goes from about 13 to 16.Today it is 21.94.I hold,having sold 60% of my holding.
Other PEs which I can not understand are; AIA 30.54,FRE 22.07,RBD 22.59 [held],MFT 22.25,and POT 38.73.
All very fine companies,but a great number of years' earnings have been built into their share prices.
Is it different this time.?