TGC Industries Inc. is an AMEX listed security that has been trading in a range between $7.13 and $12.55 over the past year. With 16,537,080 shares outstanding, a recent price of $11.20 gives a total market capitalization of $185,215,293. While there are certainly larger companies, TGC Industries Inc. has definitely earned its place in the pack. Last year, TGC Industries Inc. created $0.47 in earnings for every share outstanding.
TGC Industries Inc. is currently priced by the market at 23.60 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, TGC Industries Inc. could be an interesting value proposition.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment