PE

Guys I think its time to have some talk about the PE of Boral in light of the collapsing building sentiment in Aus and the USA. How much this is offset by infrastructure we don't know but the CEO seems to think it will be.

Anyways it got me looking at 5 years of Boral SP graph. $5 really is about the "mid point" for boral beyond which it has dipped below but not for very long. Having said that from my rudimentary calculation of Boral's current PE

5.10 / EPS of 0.33 its still 15.45 PE.

That is in my view of a collapsing market and building weakness still pretty high. I know each industry is a little different but generally PE's above 14 are recognised as high.

The PE of Boral should be like 12 at this point surely.