The Gorman-Rupp Company is an AMEX listed security that has been trading in a range between $18.89 and $42.52 over the past year. With 13,360,000 shares outstanding, a recent price of $33.71 gives a total market capitalization of $438,031,653. While there are certainly larger companies, The Gorman-Rupp Company has definitely earned its place in the pack. Last year, The Gorman-Rupp Company created $1.47 in earnings for every share outstanding.
The Gorman-Rupp Company is currently priced by the market at 22.30 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 in excess of $1 a share, The Gorman-Rupp Company could be an interesting value proposition.
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