Mission West Properties Inc. is an AMEX listed security that has been trading in a range between $10.00 and $14.90 over the past year. With 19,640,090 shares outstanding, a recent price of $13.40 gives a total market capitalization of $268,872,824. While there are certainly larger companies, Mission West Properties Inc. has definitely earned its place in the pack. Last year, Mission West Properties Inc. created $0.64 in earnings for every share outstanding.
Mission West Properties Inc. is currently priced by the market at 28.20 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, Mission West Properties Inc. could be an interesting value proposition.
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