Exactly and thats why i have been harping that DR is saying we are undervalued. Because you cannot realistically use a trailing PE with a company that is growing at over 100% YOY.
a Foward PE of 5 is nuts when the company grew over 120% last year. PE's are applied to forcast growth out in the future and the PE could be argued between 20-40 IMO. Which is why we have much much much more room to roam upwards.