RE:RE:CA$5.5B Market Cap CA$4.09 per share may have originated from Q4 2020..
2020:
Q4 Net income = US$18.0M
2021:
Q1 Net income = US$27M
Q2 Net income = US$21.8M
Q3 Net income = US$15M
TTM Total net income = US$81.8M
AR traded at a high of CA$4.09 year-2021
As at December 31, 2021 shares outstanding balance = 311,197,075
4.09 * 311,197,075 = CA$1,272,796,036.75
CA$1,272,796,036.75 / US$81.1M = 12 (P/E ratio)
IBKR states AR currently holds a forward P/E ratio of 14.58