Ellsworth Fund Limited is an AMEX listed security that has been trading in a range between $7.61 and $9.45 over the past year. With 12,659,100 shares outstanding, a recent price of $9.36 gives a total market capitalization of $118,489,172. While there are certainly larger companies, Ellsworth Fund Limited has definitely earned its place in the pack. Last year, Ellsworth Fund Limited created $0.85 in earnings for every share outstanding.
Ellsworth Fund Limited is currently priced by the market at 11.00 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, Ellsworth Fund Limited could be an interesting value proposition.
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