Replies to post #2718 on Aurora Acquisition Corp (AURC)

[pugdog]

what am i doing dude? LOL, what I gave you was a backwards (incorrect) eps calculation

we need to calculate the eps, before we can calculate the p/e

eps=total net income divided by outstanding shares

example: 1 million net income divided by 500,000 shares=$2.00 earnings per share

NOW...we calculate the p/e ratio:

market value per share/earnings per share

example: $25 dollars per share divided by $2.00 eps = 12.50 p/e ratio - compare this to industry of stock you are looking at

*i guess it's not a good idea to go until 2:00pm without eating