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Novation Companies, Inc. Message Board

  • cptave cptave Jan 19, 2012 9:21 PM Flag

    I have never seen a p/e ratio so low !

    .Prev Close: 0.60
    Open: 0.60
    Bid: N/A
    Ask: N/A
    NOVS 1y Target Est: 7.50

    Next Earnings Date: N/A
    Day's Range: 0.5450 - 0.5950
    52wk Range: 0.25 - 0.60
    Volume: 67,075
    Avg Vol (3m): 306,535
    Market Cap: 52.93M
    P/E : 0.20

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    • A P/E of 0.2 means the Yahoo data source must be forecasting earnings for the year equal to five times the share price, meaning 5 X 58 cents, or $2.90. That surely cannot be true for the trailing 12 months, and is highly unlikely for the 12 months of 2012. So I have to guess that it's a garbage-in-garbage-out problem with lack of accurate data. JMOO

0.292+0.011(+3.91%)Aug 28 11:36 AMEDT

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