What is this?

The fundamental value of a company is what you are prepared to pay today for its future cash flows. A common denominator used to express this value is the Price to Earnings Ratio (P/E)…more

Opportunity

Use NAB's P/Es to assess its current value with comparisons to :

up to 10 years of historic P/E's, the ASX All Ordinaries Index (XAO) &
NAB's Industry Group, Banks (4010 )

Company Peers in Banks (4010 )…

Commonwealth Bank of Australia (CBA)
National Australia Bank Ltd (NAB)
Westpac Banking Corporation (WBC)
ANZ Banking Group Ltd (ANZ)
St. George Bank Limited (SGB)
Macquarie Group Limited (MQG)
Suncorp- Metway Limited (SUN)
Bendigo and Adelaide Bank Ltd (BEN)
Bank of Queensland Limited (BOQ)
Wide Bay Australia Ltd (WBB)

Last Financial Year End : 30/09/07
Price Earnings (4 months unexpired)	Current	Benchmark 1	Benchmark 2
Source	Company
Method	Value
Price Earnings (PE)	10.43	13.69	13.84
Implied value at current month end ($)	29.48	38.71	39.13

Current PE change from benchmark (%)		23.85	24.65
Implied increment to monthly valuation ($)	0.1868	0.2453	0.2479

30/09/08 Y.E. Forecast PE	10.18
30/09/09 Y.E. Forecast PE	9.47
30/09/08 Y.E. Forecast Value ($)	30.23	39.69	40.12
30/09/09 Y.E. Forecast Value ($)	32.50	42.67	43.13

Price/Earnings (PE) Average

Price Earnings Reference
Source
Method
Min	13.16
Avg	13.84
Max	14.95

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Data and Analysis provided by Huntley Investment Information Pty Ltd

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© Copyright Huntleys' Investment Information Pty. Limited (HII) (a wholly owned subsidiary of Aspect Huntley Pty Limited), 2004. All rights reserved. Australian Financial Services Licence no. 240892. No material may be reproduced, except as allowed by the Copyright Act, without the prior written approval of HII. Some of the material provided by HII is copyright and is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Consensus forecast data is copyright Thomson Financial

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