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Historically, they have traded at between 18 and 20 times forward numbers.
At 10 times forward earnings, our blue sky valuation for BP would be 750p a share.
It traded as high as 45 times forward earnings in 1993, he said.
A. Technology stocks right now are trading at 48 times forward earnings.
Historically, he said, the shares have traded anywhere from 10 to 16 times forward earnings estimates.
Earnings look relatively secure and a 35 times forward PE is cheap for Arm.
Indonesia sells for 13 times forward earnings.
At $50 Biovail is trading at 30 times forward earnings.
It trades at 15 times forward cash earnings.
Still, Thai stocks sell for 11 times forward earnings.
The stock trades at 17 times forward earnings.
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