And it really should come as no surprise, right? So easy to calculate.
Net income (earnings) comes right off the Income Statement, and the current O/S is estimated to be around 4.3B shares (my best guess at this point is a little bit higher, maybe around 4.4B...ish).
You need to use the "correct/accepted" P/E ratio for the industry which, in this case, is going to be closer to 362 (System & App Software) than it is to 182 (Electronics/General) - but I chose the mid-point value of 272 to be a little bit on the conservative side.
These numbers come from NYU Stern School of Business, which is a reliable go-to source for these numbers in the finance world:
And so here's the simple calculation, in black and white. Answer highlighted in yellow.
The really interesting part is that this is based on the PAST year. In just 2 months we are going to have another Q report, in which we expect to see significantly higher revenue and net income. And Q2 of 2017 - which had much lower income - drops off of the trailing 12-months.
So you might guess that the valuation could quickly approach $0.10 - and you'd be right! (Waldo knows this, he's done his DD homework)
If we see a 20% Q-Q growth in net income, it looks like this: