If they earn 1 dollar a share with pe of 15 to 1...normal.used to be anyways..dont think its changed just a rule of thumb..stock price would be 15 dollars a share. Some stocks have pe in the hundreds because they litterally arent solvent. Some of these also sell for hundreds of dollars...THING IS HERE most really dont know how seriously this technology changes the food industry
Small biotech companies than win a patent on a game changing drug first trade way over the fundamental value. Eventually the fundamentals catch up with the PPS. This is what is happening with SHMP. The money is made on getting in early on a promising startup.
Fundamentally the shmp PPS is overvalued. With prescience and thorough DD it is evident SHMP's fundamentals will justify the PPS.