JAT is 'Udderly Cowabunga', page-6

"The price-to-sales ratio is calculated by dividing the company's market capitalization against it's total sales over a 12-month period.

This is an indicator of the value placed on each dollar of a company's sales or revenues.

It's most relevant when used to compare companies in the same industry sector. A low ratio may indicate possible undervaluation, while a ratio that is significantly above the average may suggest overvaluation. Abbreviated as the P/S ratio or PSR, this ratio is also known as a "sales multiple" or "revenue multiple"."

Based on this we should be at least 5x the SP right now to meet industry avg and thats not taking into account the growth.
So. 10-11c industry avg fair ball based on our earnings currently (which was half affected by COVID).