Is the Macquarie share price good value at $85.65?
Macquarie (ASX:MQG) provides asset management, leasing and asset financing, retail banking and wealth management, market access, commodity trading, investment banking and principal investment.
Right now the Macquarie share price appears to represent solid value, as shown in the group's Value Rank of 70. Let's explore this in more detail.
Digging into Macquarie's Value Rank
Looking at Macquarie's StockReport, we can see that the group has a:
- Rolling price to book value of 1.38,
- Trailing twelve month price to earnings ratio of 15.5
- Rolling dividend yield of 7.35%
- Trailing twelve-month price to sales ratio of 1.77
This combination of financial traits suggests that, while Macquarie stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.
What does this mean for potential investors?
Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with Macquarie that you can find out about here.
About us
Stockopedia helps individual investors make confident, profitable choices in the stock market. Our StockRank and factor investing toolbox unlocks institutional-quality insights into thousands of global stocks. Voted “Best Investment Research Tools” and “Best Research Service” at the 2021 UK Investor Magazine awards.