Imho P/E doesn't really have much application to most pinkies, it is reserved for more mature and higher priced stocks usually. It is useful as one ratio as is PEG, Book Current Ratio, but P/E is not very applicable for MKGP, or most pinks unless the are big mature issues selling at much higher prices over time.
I think COH, S/E and Debt, Net Income, as well as SS A/S, O/S and Float, coupled with volume traded Ma vol over 20 and number of MMs is much more useful for MKGP.
Nothing really matters much until you get volume and liquidity, price follows volume.
jmho
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