EOS 1.55% $1.59 electro optic systems holdings limited

FY19 PE is 46 based on NPAT!They paid $4M tax on $22M pbt so not...

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    FY19 PE is 46 based on NPAT!
    They paid $4M tax on $22M pbt so not sure about tax loss logic. Also the tax losses have to be in the same jurisdiction as any profits.
    In any event PE calculations are meant to be "normalised" so should include tax at reasonable marginal rates.
    Understand the growth and love the company!
    In my view it's expensive at today's prices in today's market.

 
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