COL 0.42% $18.92 coles group limited.

Why is COL on a PE of 28, is it a "growing" business?Apologies...

  1. 2,347 Posts.
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    Why is COL on a PE of 28, is it a "growing" business?

    Apologies to holders but this signifies to me that currently COL is significantly overvalued.

    Even if it dropped half to a PE of 14 it still technically isn't cheap but would be fairly priced in my opinion.

    Therefore as crazy as this sounds I think true value is around $6 which would be a PE of 14 I believe.

    I wouldn't touch this with your money unless it's for a short term trade of swings which is fine.

    GLTAH
 
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