Its not growing revenue or earnings but is working hard enough...

Its not growing revenue or earnings but is working hard enough to grow shareholder equity on average 2m every year whilst continuing to generate ROE of 12-15%. Given its trading at book value & seems steady in generating 12-15% a year which is paid out to shareholders & the rest building up shareholder equity, you would think it should trade above book value. But with a debt/equity ratio of 50% there is a risk premium attached, & why would this stock go to a PE ratio of 15 when it cant improve earnings? I believe a stock with a PE ratio of 15 should come with modest expectations of EPS growth.

I wish I had of seen this earlier as from April to October 2020 it traded flat at 70c which was a steal, but at the current price of 95c I think its fairly priced. If I bought at 70c I would hold and see if it could break past $1.20, but I couldn't buy at this price as whether it goes to 80c or $1.2 who knows, but at 70 cents there was just so much upside relative to the downside.