I realize it has to be forward growth. So please, let me have the skinny on what you see here.
WELCUM 2 CROOKSTREET!
you answered your own question. they believe the growth rate justifies the P/E, so in X years, their EPS will be much higher than today's.
It appears that you are not alone in your belief... volume in this stock is dropping like a freshly squeezed turd.