Who invented this method of calculating PE???
It is different to the accepted definition of PE and imo has no relevence to any other PE calculations.
The standard definition of PE would be
HY NPAT: $19m implies FY NPAT $38m
FY EPS = 38/366 = $0.104
PE = $1.42 / 0.104 = 13.65
This PE is reasonable, but certainly not low or in the bargain zone.
p/e ratio calculation for fy2011, page-2
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