How does one estimate an approximate PPS on a company given the following:
OS = 105,000,000
estimated annual pretax earnings = $3 million
no idea what the PE should be, but it's a pinksheet company.
float is 45,000,000.
I realize that any guess would just be a wild guess since it doesn't take into consideration a lot of things (liabilities, management, etc) but I'm trying to find a starting place.
What other info would be needed if this isn't enough?
Thanks,
Rich