Replies to post #629848 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Average P/E in the mortgage sector was 32 in 2018, but I don't have current numbers

From https://www.investopedia.com/ask/answers/032315/what-average-pricetoearnings-ratio-financial-services-sector.asp

To cite an actual example, on August 2018, the average P/E ratio of the financial services industry was 14.26. This metric includes the sector averages of specific financial service categories, including banks, which had a P/E ratio of 13.51, capital markets, which had a P/E ratio of 18.83, and the insurance sector, which had a P/E ratio of 14.64. A smaller sector in the broader financial services category, thrifts and mortgage providers, had the highest P/E at 32.17, while the lowest at this time was the mortgage REITs sector at 7.11.

I'll try to find up-to-date numbers. I set a low ball number with my P/E of only 10

Your post:

Isnt the average P/E in this industry around 30?