Although price/book ratios for resources stocks are normally...
Although price/book ratios for resources stocks are normally pretty low.
It is a common metric for banks though and you can see in a comparison with some domestic and international peers that is out of whack.
PE/Forward PE is hard for resources in these tools because one-offs and resource price cycles can throw ratios out of whack.
$Woodside Energy Group Ltd (WDS.AU)$ has growth plans coming on in the coming years and the most recent dividend and results show that the company can sustainably keep a good yield from these prices assuming no huge movements in resources prices (a risk, as always)
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