Legends Business Group Inc (LGBS)

[jufel]

166 lots built into houses, each houses is sold around $0.45 M with a cost of $0.3 M including the cost of land gives LGBS a total gross profit of around $25 M for the 166 lots.

Valuation of the company:
1. PE ( price to earning per shr ) = 10
2. OS = 3070 M shrs
3. E = $25 M / 3070 M shrs = $.0081/shr

---> PPS = 10 x $.0081/shr = $0.081/ shr
* Assuming a Co can build the 166 houses in one year..