EXFO Electro-Optical Engineering Inc. is a NASDAQ listed security that has been trading in a range between $4.80 and $7.65 over the past year. With 68,932,510 shares outstanding, a recent price of $7.35 gives a total market capitalization of $510,100,581. While there are certainly larger companies, EXFO Electro-Optical Engineering Inc. has definitely earned its place in the pack. Last year, EXFO Electro-Optical Engineering Inc. created $0.17 in earnings for every share outstanding.
EXFO Electro-Optical Engineering Inc. is currently priced by the market at 43.50 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, EXFO Electro-Optical Engineering Inc. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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