AORD Historical P/E

[osmosis]

Hi

I've done some searching but can't find a site where I can obtain historical P/E's for the All Ordinaries or S&P 200. Does anyone know of such a site?

Thanks.

 

[sinner]

A great topic I think for considering just how far XAO still has to fall.

Here is a snippet from Mish on an American viewpoint of the SP500.

http://globaleconomicanalysis.blogspot.com/2009/01/is-stock-market-cheap.html

Think the stock market is cheap? Let's do the math. The S&P closed at 910. If those earnings estimates hold, the effective PE is 21.53. The historical average PE is about 15. At a PE of 15 the S&P would drop to 634. That is a huge drop of 30% from today's closing price.

What happens if the stock market over shoots as it typically does in bear markets. Assume a PE of 12. At 12, one might expect to see the S&P at 507. That would be an even bigger decline of 44% from here.

Mish is no fool, and has been generally much righter than anyone else I have read in the last couple of years. I feel his deflationary outlook and justification of not only mesh best with my own views but with what is actually happening!

This PDF has a few numbers for historic P/E for AORD, open it and run a search for "historic P/E" but the data appears to be from '03. All I could find, sorry.

http://www.blair.com.au/SIA/3/files/E142_Topic_2_Valuation.pdf

 

[Sean K]

Long term PE of the XAO is about 14, it's currently about 9.5.

Got the 9.5 off Etrade.

To be corrected.

 

[osmosis]

Any idea what the historical low (P/E) is?

 

[truevalue]

This chart only goes back to 1979 but it gives you a feel for the PER. The question is: how much will earnings fall?

 

[osmosis]

I found this for the S&P 500.

http://www.econ.yale.edu/~shiller/data/ie_data.xls

Yes -- earnings are not known -- I assume they will be below average which obviously means that current P/E's are still falsely high.

Having said that, hey are well below P/E's in 00-02 bear.