Forum Archive Index - May 2002

["Peter" <pmaiden@today.com.au>]

Brian - the Sanford P/E ratio is better reflected on the Direct 
Broking site than bigcharts.

DB have used the last full year earnings to get their 17 odd. 

Goodness knows where bigcharts got their P/E comes from. I have 
noticed that their numbers quite often seem a bit wonky. They use a 
rolling annual eps figure and I can't figure out where they get the 
numbers from.

I always do my own calcs based on the last rolling 12 months (ie the 
last two half years or the last four quarters) reported earnings. 
That gives me the trailing earnings P/E and I then do my own future 
forecasts to make an assessment.

With a trailing P/E of 17 (which is about the market average) and 
assuming no earnings surprises in the future Sanford probably 
is 'fairly' rated at the moment.

This could suggest they have been overvalued over the last year or 
so. Maybe the market has finally recognised the adverse impact of 
their forex losses.

Cheers

Peter  


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