YHGG... Thanks to everyone for their opinions on book value today.
GorillaGorilla, don't get me wrong, I don't think anyone should value a company on just book. The first couple sentences in my post points to a lot more than YHGG's book, although their book value does stick out like a sore thumb.
Based on Yasheng's FY2010 EPS estimate of $0.53, PE is just under 4. They will do over $800M in sales this year (monster company) in a sector (agriculture) that seems to be pretty hot right now. I'm guessing that if and when Yasheng uplists, they will trade at a higher PE than 4, but you never know.
BTW, at a quick glance, SEED = 27 PE, trading approx 350% over book value. So you have to wonder where YHGG will go once they uplist. I sure don't see much downside from where it's been trading ($1.90 - $2.10), but only time will tell...