To be completely honest, I Look at patterns (possible routes a company can take) ONLY.
This simply means:
My team and I lay out ALL possible routes known, or are possible based on the company , its wares etc... (many many)
Then we look at what could/would need to be done in order for it to grow...etc...etc...
If we see that said company has potential, then we really dig in - go see there buildings, look at them, (and their customers), see how they treat their equipment, how their product is viewed...etc...etc...
This takes 100+ hours.
This is why we only do 3-4 stocks a year.
Once we find a stock.
Then as each piece comes along, we reduce the number of possible paths available.
That all stated, I do not look at the Price Per Share (PPS), as my team and I believe it to be a secondary.
Knowing your Son/daughter has a stomach ache, and what SHOULD or COULD be done is primary. That doesn't make me a mind reader when I give my child a tums, before the doctor says give them a tums. But it does mean I was able to effect their (my) position prior to the doctor. Good analogy?
So, to answer your question: Yes I agree, PPS will continue to stabilize (settle?). As far as how long that PPS is truly valid, I guess would depend on where your standing/How much DD you do. In other words, just because we have not heard it from the doctor yet, does not make it any less true. Hence why we place so much effort on the front side.
This as far as I am concerned applies to all areas debt (both related/unrelated), how many vehicles they have/are buying, how they are viewed etc...etc...
You must forgive me, I am unaware of who you are, and what you already know, so if I am being to simplified, it can only be due to my lack of knowledge about you.
is that what you needed?
