Capital Properties, Inc. is an AMEX listed security that has been trading in a range between $21.00 and $30.20 over the past year. With 3,299,960 shares outstanding, a recent price of $23.50 gives a total market capitalization of $78,275,049. While there are certainly larger companies, Capital Properties, Inc. has definitely earned its place in the pack. Last year, Capital Properties, Inc. created $0.42 in earnings for every share outstanding.
Capital Properties, Inc. is currently priced by the market at 56.80 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, Capital Properties, Inc. could be an interesting value proposition.
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