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With a price-to-earnings (or "P/E") ratio of 9.6x BlueScope Steel Limited (ASX:BSL) may be sending bullish signals at the moment, given that almost half of all companies in Australia have P/E ratios greater than 19x and even P/E's higher than 37x are not unusual. Although, it's not wise to just take the P/E at face value as there may be an explanation why it's limited.
Recent times haven't been advantageous for BlueScope Steel as its earnings have been falling quicker than most other companies....
>>> Read more: The Market Doesn't Like What It Sees From BlueScope Steel Limited's (ASX:BSL) Earnings Yet
Recent times haven't been advantageous for BlueScope Steel as its earnings have been falling quicker than most other companies....
>>> Read more: The Market Doesn't Like What It Sees From BlueScope Steel Limited's (ASX:BSL) Earnings Yet
