Barclays now worth less than annual profits.

[Olf]

This morning Barclays have a market cap of 5 billion quid. £300,000,000 less than their profits last year. SO they're trading currently on a P/E ration of 1.766 if my workings are correct.

fk!

Edited for maths

Edited by Olf on Wednesday 21st January 08:37

[johnnywb]

But they're pretty unlikely to make a profit of that scale this year!

[Oversteer]

"projected future profits" being the key issue.

[jeff m]

With trailing earnings...go on have a punt..I dare you.

If you must buy bank shares take a look at Hermes
(although they are prob now in the crapper too)