PMC Commercial Trust is an AMEX listed security that has been trading in a range between $12.53 and $15.90 over the past year. With 10,753,800 shares outstanding, a recent price of $13.12 gives a total market capitalization of $143,778,305. While there are certainly larger companies, PMC Commercial Trust has definitely earned its place in the pack. Last year, PMC Commercial Trust created $1.25 in earnings for every share outstanding.
PMC Commercial Trust is currently priced by the market at 10.70 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, PMC Commercial Trust could be an interesting value proposition.
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