Aberdeen Asia-Pacific Income Fund, Inc. is an AMEX listed security that has been trading in a range between $5.91 and $6.66 over the past year. With 265,073,600 shares outstanding, a recent price of $6.49 gives a total market capitalization of $1,709,724,669. While there are certainly larger companies, Aberdeen Asia-Pacific Income Fund, Inc. has definitely earned its place in the pack. Last year, Aberdeen Asia-Pacific Income Fund, Inc. created $0.75 in earnings for every share outstanding.
Aberdeen Asia-Pacific Income Fund, Inc. is currently priced by the market at 8.60 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Aberdeen Asia-Pacific Income Fund, Inc. is unlikely to be an interesting value proposition.
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