Telus currently Overvalued?Looked at Globeinvestor, and analyst's average earnings estimates for the current fiscal year are $0.13/share. At the current price, this adds up to a PE of about 100!!!
Is Telus grossly overvalued at the current prices? For NEXT fiscal year, the estimates are for $0.34 which is still a PE of 39, plus earnings haven't been discounted yet due to recent layoffs.