With the revenue projections they gave I currently estimate the value MJNA shares to be worth $1.70 to $3.40 based upon P/E/G ratios of 0.5 and 1. Until its listed on an exchange higher than the Pink Sheets I'd cut those values in half to between $0.85 to $1.70 or a third if people are believing in red flags existing, so that would be a value between $0.56 to $1.13. In any case the current price of $0.1622 seems to be a bit low. Ha Ha Ha.... Just a bit... If MJNA hits its revenue projections and uplists I estimate its P/E/G of 0.5 to 1 to give it a share price of between $6.50 to $13.00 per share.
The PEG ratio (price/earnings to growth ratio) is a valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share (EPS), and the company's expected growth.
In general, the P/E ratio is higher for a company with a higher growth rate. Thus using just the P/E ratio would make high-growth companies appear overvalued relative to others. It is assumed that by dividing the P/E ratio by the earnings growth rate, the resulting ratio is better for comparing companies with different growth rates.
The PEG ratio is considered to be a convenient approximation. It was originally developed by Mario Farina who wrote about it in his 1969 Book, A Beginner's Guide To Successful Investing In The Stock Market. It was later popularized by Peter Lynch, who wrote in his 1989 book One Up on Wall Street that "The P/E ratio of any company that's fairly priced will equal its growth rate", i.e., a fairly valued company will have its PEG equal to 1.
Sentiment: Strong Buy