Thinking the consensus valuation/market valuation is maybe a bit high for this one, with the stock currently trading at a PE of roughly twice what it normally has historically. Valuations might not be taking into account the recent capital raise and issue of new shares?

Thoughts are that the business outlook for international sector is probably a long way from returning to anything near normal, however not sure of what proportion of WEB's business is in the international market. Regardless, thinking the PE being traded at (56), should be less than historical levels (20-30 from memory), rather than almost double.

NB; PE numbers taken straight from commsec app