· 13 min read
ASX 200 P/E ratio as at 22 September 2026
The ASX 200 P/E was 19.47 times trailing and 17.70 times FY1 on 22 September 2026 by State Street's index characteristics. Here is how to compare it properly.
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Earnings quality
Whether reported profit is supported by cash flow, durable margins and repeatable operating performance.
Articles through this lens
6 research notes· 5 min read
Suncorp takeover: separate the bank sale from the Tokio Marine rumour
Separate the completed bank sale from the unconfirmed Tokio Marine report and test takeover-premium scenarios.
Read insight →· 9 min read
Reading ASX earnings beyond the headline
Use CSL, Cochlear, Challenger and BHP results to compare statutory profit, adjusted earnings, cash flow, margins, guidance and capital returns.
Read insight →· 10 min read
Mortgage competition is not always good news for bank earnings
A practical framework for reading Australian mortgage approvals, loan growth, net interest margins and credit quality together.
Read insight →· 5 min read
US steel tariffs helped BlueScope — but did not explain the result
US steel tariffs supported BlueScope's North Star mill, but realised spreads, utilisation, input costs and the wider portfolio determined the result.
Read insight →· 10 min read
When silver miners can outperform silver — and what has to go right
Silver miners can amplify a rising metal price, but grades, recovery, costs, capital and funding determine whether leverage becomes durable cash flow.
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