Reuters' quote: "The faster a company grows, the higher it's stock P/E can be."
The matrix below shows what earnings would need to be, and what the PE would be at a few Stock Prices. $10 is perhaps optimistic but not totally unrealistic,
|
Earnings |
P/E |
Earnings PS |
Stock Price |
Reported = |
$10,662,497 |
19 |
$0.03 |
$0.54 |
If 10x earnings |
$106,624,970 |
19 |
$0.28 |
$5.35 |
If 2x P/E |
$106,624,970 |
38 |
$0.28 |
$10.70 |