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ASX Limited's (ASX:ASX) price-to-earnings (or "P/E") ratio of 37.7x might make it look like a strong sell right now compared to the market in Australia, where around half of the companies have P/E ratios below 18x and even P/E's below 9x are quite common. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's so lofty.
ASX has been struggling lately as its earnings have declined faster than most other companies. One possibility is that the P/E is high...
>>> Read more: ASX Limited's (ASX:ASX) Shareholders Might Be Looking For Exit
ASX has been struggling lately as its earnings have declined faster than most other companies. One possibility is that the P/E is high...
>>> Read more: ASX Limited's (ASX:ASX) Shareholders Might Be Looking For Exit
