esn & mkb - a comparative analysis, page-156

masseyferguson,
thanks for bringing this one to my attention.

Yes, I agree with your summary of MBE's PE.
Backward looking PE is not very useful for fast growth companies which are just entering their profit generating stage.


Forward looking PE is much more appropriate and as you've stated, the current run-rate without any further growth is an annualised 24m.

I'll look into this one a bit more.
Seems interesting enough.