Global Metals & Mining ETF PE Ratio (6.68)


The PE ratio of this iShares porfolio is 6.68, which seems extremely low, and the dividend is high. Anyone know why this etf would be depressed during a period of high inflation, it seems way undervalued at first glance. Any ideas?

https://www.ishares.com/us/products/239655/ishares-msci-global-metals-mining-producers-etf


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