I have a question about calculating p/e. I look at the numbers of DRTK and I have the following:price 11 1/4, estimated earnings .56 (FY 98) .83 (FY 99). Estimated growth rate 31.67. Current p/e 32.0.Ok. If I take FY98 earnings estimates and divide that into the price I get 11.25/.56 = 20So my estimated p/e based on next years earnings (estimated) is less than the estimated growth rate of 31-32%. Does this suggest the stock is under valued? Of course, the current p/e of 32 is the same as the growth rate, and this p/e is based on trailing earnings.DRTK seems to be winning contracts right and left. They are getting awards for various aspects of their business. They look great from that point of view. I want to decide if I should hold on to my shares since they have been pretty flat lately.Can someone help me understand my calculations? ThanksDave
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