I feel PE is pretty meaningless when you look at long-duration infrastructure assets.
A more informative way of looking at their valuation is by working out a FCF yield on EV and comparing it with long-term real government bond yields.
In that framework AIA looks attractive to me on a risk-adjusted basis.
Cheers
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Last
$7.05 |
Change
-0.210(2.89%) |
Mkt cap ! $10.09B | |||
| Open | High | Low | Value | Volume |
| $7.20 | $7.24 | $7.04 | $5.184M | 727.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 251 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.06 | 134 | 1 |
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| Last trade - 15.00pm 29/11/2024 (20 minute delay) ? |
| AIA (ASX) Chart |
