Cubic Corporation is an AMEX listed security that has been trading in a range between $18.25 and $34.36 over the past year. With 26,719,660 shares outstanding, a recent price of $31.15 gives a total market capitalization of $817,621,606. While there are certainly larger companies, Cubic Corporation has definitely earned its place in the pack. Last year, Cubic Corporation created $1.21 in earnings for every share outstanding.
Cubic Corporation is currently priced by the market at 25.20 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 in excess of $1 a share, Cubic Corporation could be an interesting value proposition.
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