OTCPK:MAGTF - Post by User
Post by
SepiJMon Aug 16, 2022 11:44am
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Post# 34899525
TTM P/E = 203.67 @ $24.44/share (Yahoo)
TTM P/E = 203.67 @ $24.44/share (Yahoo)Hello, all.
I've been diving into comaparing P/E ratios but my calcs seem to always be different than RBC's or Yahoo's. I'm hoping someone here can show me why the numbers in the heading hold true.
Based on my calcs:
If shares are trading at 203.67 times at $24.44 per share, then (24.44 / 203.67 = 0.119998036)
This tells us that "earnings per share" is equal to $0.12
Multiply that by the number of outstanding shares (0.12 x 11,969,000 = 1,436,280)
By these calcs (if I am correct) their TTM total earnings is roughly $1.4 million. However, I can't find $1.4mil anywhere in their finacial statemnets.
I'm new to investing and am looking for all the help anyone is willing to offer. Thank you in advance.