CMG Holdings Group Inc (CMGO)

[Powercat23]

I'm bored today at work and don't really feel like doing anything productive. So I thought I would try my hand at a quick back-of-the-envelope calculation of what a reasonable PPS of $CMGO should be. You all can correct me if you choose to as stock valuation is not my specialty.

Looking at the last 10-Q (3Q13), we had YTD earnings of $2,070,484. We know from the latest 8-K issued yesterday that shares outstanding are about 283M. So that gives us an earnings per share (EPS) of $0.073162. With the current price of $0.017, the P/E ratio currently is 0.232361.

For a "normal" company, I think a P/E ratio of between 10-20 is the norm, is that correct? Assuming it's 10 and using the EPS from above, that would give us a PPS of $0.73162.

I'd love to see us get to that level at some point!