Quote:
quote:Originally posted by rmbbrave
Nothing retiring about Summerset's float
5:00AM Friday July 20, 2007
By Liam Dann
...Ryman, with 17 villages and two under construction, has a market capitalisation of $1.07 billion and trades on a multiple of nine times price to earnings (PE).
Metlifecare owns and operates 15 retirement villages, incorporating nine care facilities and seven hospitals....
It has a market capitalisation of $690 million and trades on a PE multiple of 26.
NZX quotes a P/E of 9 for Ryman, heaven only knows how they worked that out. I would suggest the true (historical) number is also 26 or 16-17 if you had in the revaluation gains for property etc.