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J5800 Telecommunications Services in Australia Industry Report

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I am trying to replicate the beta value that yahoo calculates but I am getting different results. According to Yahoo, its beta is calculated using 5 year returns against the SP500: yahoo beta I as…

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http://www.worldgovernmentbonds.com/bond-historical-data/australia/10-years/

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GOVERNMENT BOND * HISTORICAL DATA

The Australia 10 Years Government Bond has a 3.343% yield ( last update 27 Apr 2023 2:15 GMT+0).

Yield changed -13.9 bp during last week, +4.6 bp during last month, +23.6 bp during last year.

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Current Yield: 3.343%
Last update 27 Apr 2023 2:15 GMT+0

Historical Data

Data Source: from 30 Jan 2007 to 27 Apr 2023

The Australia 10 Years Government Bond reached a maximum yield of 6.793% (16 June 2008) and a minimum yield of 0.573% (8 March 2020).
Go to Australia 10 Years Bond - Forecast
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Historical Yearly Range

Data Source: from 30 Jan 2007 to 27 Apr 2023

Australia 10 Years Government Bond: historic yield range for every year. A green candlestick means a negative yield variation in the year. A red candlestick means a positive yield variation in the year.

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Current Yield: 3.343%. Last update: 27 Apr 2023 2:15 GMT+0

Australia 10 Years Bond Spread

The Australia 10 Years Government Bond has a 3.343% yield. Click on Spread value for the historical serie. A positive spread, marked by , means that the 10 Years Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle. Click on the values in " Current Spread" column, for the historical series of the spread. Click on the " Compare" button, for a report with the full comparison between the two countries, with all the available data.

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Australia 10 Years Government Bond Prices

Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column contains prices at the current market yield. Other columns refers to hypothetical yields variations (100 bp = 1%).

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Australia Government Bonds

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Back to Australia Government Bonds - Yields Curve

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Australia 10 Years Bond - Historical Data

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GOVERNMENT BOND * HISTORICAL DATA The Australia 10 Years Government Bond has a 3.343% yield ( last update 27 Apr 2023 2:15 GMT+0). Yield changed -13.9 bp during last week, +4.6 bp during last month, +23.6 bp during last year.

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https://www.rba.gov.au/statistics/tables/index.html#interest-rates

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This page lists statistical tables for a range of economic and financial data produced by the Reserve Bank of Australia and other organisations.

Reserve Bank of Australia

Assets and Liabilities

Authorised Deposit-taking Institutions (ADIs) & Registered Financial Corporations (RFCs)

International Banking Statistics - Banks & RFCs

Payments System

Money and Credit Statistics

Household and Business Finances

Interest Rates

Exchange Rates

Inflation and Inflation Expectations

Output and Labour

International Trade and External Finance

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This page lists statistical tables for a range of economic and financial data produced by the Reserve Bank of Australia and other organisations. Authorised Deposit-taking Institutions (ADIs) & Registered Financial Corporations (RFCs) International Banking Statistics - Banks & RFCs

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Chorus Limited (CNU.AX) Stock Price, News, Quote & History - Yahoo Finance

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Find the latest Chorus Limited (CNU.AX) stock quote, history, news and other vital information to help you with your stock trading and investing.

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J5800 Telecommunications Services in Australia Industry Report

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Charting Excel Export - Apr 20th 2023 8_51_39 pm

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Price to Earnings (P/E) Ratios by Industry 2023 | Eqvista

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Anyone who's been in the investment market long enough will be aware of the many valuation tools that are used. Each one considers different valuation parameters and has its merits and demerits, but none of them are used on its own. Only the best professional analysts know the right combination to arrive at realistic valuation figures. PE ratio or price to earnings ratio is one such popular valuation tool.

In this article, we discuss the concept of PE ratio, the various types of it, its importance, and take a closer look at the PE ratios by industry.

PE Ratio or Price to Earnings Ratio

The most common method of company valuation is the market cap. Among investors and analyst circles, conversations about market cap are pretty common. It is simply the total value of outstanding stocks in the market, but this is only an overview. Even while considering a company's stock price, there could be many factors that might swing investment decisions despite a company displaying a high market cap. This is precisely the importance of the PE ratio.

What is PE Ratio?

Price to earnings ratio, otherwise also known as the 'earnings multiple' or the 'price multiple' is a valuation ratio that helps determine the relative valuation of company stock. It considers the current stock price and compares it to the company's earnings per share (EPS). The earnings per share are actually the company's estimated earnings on every share. This is either reinvested back into the company or distributed among the shareholders as dividends. EPS is a direct indication of the company's stock performance in the market.

Price to earnings ratio has a direct correlation with the stock price. The higher the stock price, the higher the PE ratio. Investors estimate a company with a high PE ratio is expensive, and the stock price might eventually fall. The ones with a lower PE ratio indicate low stock price, which will rise as the business expands. However, this stand-alone correlation is not enough. Analysts must look deeper into the historical data of PE ratios of a company to understand the trends.

Why is P/E Ratio important?

There are many company valuation methods. Based on the nature of investments and the industry being catered to, analysts use multiple methods to arrive at a practical valuation of a company compared to the others in the same sector. But very few offer the benefits of the PE ratio. The three factors that enhance the importance of PE ratio are:

Fair comparison - Since the price to earnings ratio compares stock-related data of a company and studies trends in equity fluctuations over time, the benchmarks are internal. There is no need to rely on any information from the industry or market to use this valuation ratio.

Long-term valuation - Leading with the fact that the PE ratio allows a fair comparison, it is also important to note that it enables an archival comparison of a company's performance. For example, ratios like P/E 10 helps to average the past 10 years of earnings. Similarly, ratios like P/E 30 averages the past 30 years of earnings. All the data required to make these calculations are readily available in the company's financial records.

Overall value of stock index - Probably the most important application of PE ratio by industry is that it helps analyze the overall value of the stock index, for eg, in the case of the S&P 500. It is normal for a business to undergo fluctuations over time. But by using this ratio, investors can nullify the effect of fluctuations on the market as well as the business cycle and arrive at a realistic valuation of comparable companies within the same industry.

Types of P/E Ratio

P/E ratio as a value is still a relative comparison between the current stock price and the EPS. But based on the timeline of stock price consideration, they are categorized into the following:

Forward P/E Ratio

This price to earnings ratio compares current earnings to future earnings. It is otherwise also known as 'estimated price to earnings'. It gives a futuristic estimate of what the future earnings might look like. In this case, 'future' per se refers to the EPS projections for the next four quarters. It helps investors to look beyond historical data and base their investment decisions on the future potential of a company. However, this ratio does run the risk of either an overestimate or an underestimate as it depends on future projections. It is not an easy value to calculate and must be left in the hands of experts.

Trailing twelve months P/E Ratio

This ratio on the contrary, as the name suggests, uses EPS data from the past 12 months. As a metric, investors prefer to use this ratio as it is based on reliable data. Investors can judge a business's current performance caliber based on how it has been performing over the past 1 year. However, sometimes, this could be misleading as well. Let's say a business has new expansion plans in the pipeline, or have planned something else for the business. These certainly do not reflect on their past performance but can catapult the company to greater heights.

Absolute P/E Ratio

This ratio uses the current stock price but either uses EPS of the last 12 months or a combination of two quarters of forward EPS and two-quarters of TTM. The uniqueness of the absolute price to earnings ratio lies in the fact that it accounts for all data in the present. It does not lean whole on either the past or the future projections.

Relative P/E Ratio

On the other hand, this ratio embodies relative comparisons. It accounts for the absolute P/E (which is based on current data) and compares it to P/E values of the past. This time frame will depend on the time period set by investors. It could be 10 years or 20 or even 30. Another direct approach could be to compare the absolute P/E with the highest P/E value of the assumed time frame.

P/E Ratio Formula

As discussed as far, the PE ratio formula is as follows:

P/E ratio = current stock price / Earnings per share

Where:

Current stock price = current price of a stock in the market

Earnings per share = profit made by company per share (forward or TTM)

P/E Ratio Limitations

As mentioned earlier, there are many valuation ratios used by investors. Each has its advantages and drawbacks, and none of them are absolute. Similarly, the PE ratio has its limitations too. Some of the disadvantages of price to earnings ratio are:

A company might not have profitable earnings to show at the calculation time. This could be misleading as they might pick up soon with the right investment. PE ratio, in this case, might render the entire business unfit for investment.

The PE ratio formula is suitable to compare companies within the same industry. Even then, the way businesses make money may differ from one to another. This might lead to skewed comparisons.

While using the forward price to earnings ratio, assumptions about future projections could be a limitation if not estimated correctly.

P/E Ratio By Industry

Based on our understanding so far about the importance of the PE ratio, here is a compilation of values as per industry. As is seen, the range of value varies from one industry to another. Thus investors must use the right values to arrive at profitable investment decisions.

Looking For a Reliable Partner to Value Your Business?

Company valuation is an inevitable part of running a business. Right from the startup stage, it is best to work with a reliable partner capable of handling the end-to-end equity management needs of an expanding business. Eqvista is one of the pioneers in this service. Read more about our range of services here. For further information or demonstration of our software services, reach us today.

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Price to Earnings (P/E) Ratios by Industry 2023 | Eqvista

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Anyone who's been in the investment market long enough will be aware of the many valuation tools that are used. Each one considers different valuation parameters and has its merits and demerits, but none of them are used on its own. Only the best professional analysts know the right combination to arrive at realistic valuation figures.

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Global Industry Classification Standard - Wikipedia

https://www.spglobal.com/marketintelligence/en/documents/112727-gics-mapbook_2018_v3_letter_digitalspreads.pdf

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The Global Industry Classification Standard ( GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 69 industries and 158 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB ( Industry Classification Benchmark), a classification structure maintained by FTSE Group.

GICS is used as a basis for S&P and MSCI financial market indexes in which each company is assigned to a sub-industry, and to an industry, industry group, and sector, by its principal business activity. "GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc.

The classification is as follows:

The classification standard is regularly updated by S&P Dow Jones Indices and MSCI. Numerous changes over the years have resulted in the addition, deletion, or redefinition of various sub-industries, industries, or industry groups. Since 1999, there have been two revisions at the sector level:

In 2016, the real estate industry group (with the exception of mortgage REITs) was moved out of the financials sector to a newly created real estate sector.

In 2018, the telecommunication services sector was renamed communication services. The sector was expanded to include media and entertainment companies previously in the consumer discretionary sector, as well as interactive media and services companies from the information technology sector.

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Global Industry Classification Standard - Wikipedia

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The Global Industry Classification Standard ( GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 69 industries and 158 sub-industries into which S&P has categorized all major public companies.

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https://finance.yahoo.com/quote/TPG.AX/history?period1=1271635200&period2=1681862400&interval=1wk&filter=history&frequency=1wk&includeAdjustedClose=true

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TPG Telecom Limited (TPG.AX) Stock Historical Prices & Data - Yahoo Finance

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Discover historical prices for TPG.AX stock on Yahoo Finance. View daily, weekly or monthly format back to when TPG Telecom Limited stock was issued.

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https://www.marketindex.com.au/asx200

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S&P/ASX 200 (LIVE DATA): Share Prices & Charts - Market Index

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Australia’s S&P/ASX 200 index with REAL-TIME charts. ASX 200 list of companies. Share prices and detailed information. Historical data. Rank by performance.

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The S&P/ASX 200 index is a market-capitalisation weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. The 3-letter exchange ticker in Australia for the S&P/ASX 200 is "XJO".

The index incorporates total of top 200 companies listed on ASX. The largest company by market capitalisation is Commonwealth Bank which constitutes around 7.27% of S&P/ASX 200 index. The smallest company in S&P/ASX 200 index by market capitalisation is Pilbara Min Limited which represents 0.03% of the index.

The S&P/ASX 200 index listed companies consists of 11 GICS sectors. The largest sector being Financials with 28.30% weight while the smallest GICS sector in S&P/ASX 200 is Utilities with 1.86% weight.

S&P/ASX 200 Details

S&P/ASX 200 List

S&P/ASX 200 Industries Sector Breakdown

The S&P/ASX 200 index is divided into 11 sectors. The sectors are defined using GICS. The Financials industry forms the majority of S&P/ASX 200 index with 28.30% weight. The smallest industry by market capitalisation in S&P/ASX 200 index is Utilities with 1.86% weight.

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S&P/ASX 200 Index Details, Companies and Stocks List by Industry and Sectors - Stock Metric

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The S&P/ASX 200 index is a market-capitalisation weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. The 3-letter exchange ticker in Australia for the S&P/ASX 200 is "XJO". The index incorporates total of top 200 companies listed on ASX.