arseweb, Being a mathematician I am very much surprised by your detailed calculation, as basically quite of a lot of factors may not be included in the current price. Let's take the FMG stock, it is a huge company in terms of capitalisation, but their profit is still 0. What about other companies trading with P/E over 20-40 such as MCC, FLX, WPL, STO and others. However there are some companies as I considered very undervalued with P/E of ~4-8 such as IPM, AZA which generate plenty of cash but they are very cheap in terms of their SP. So the most important I would say factor in the SP is market sentiment and this kind of calculation done by you can't be taken into an account in the current SP for a specific stock.
I hope you understand my point.
NDO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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