I was hoping to get some help to determine the correct P/E Ratio for Kogan. If I use Investopedia definitions for EPS and P/E Ratio and the Kogan 1H 2018 Appendix 4D (Half year results) I get the following:
Kogan Shares Outstanding: 93,464,938
Net Profit 1H18: $8,326,606
Earnings Per Share (EPS): $0.09 (as per 1H18 results. It also matches the definition that EPS equals Net Profit divided by Shares Outstanding)
Share Price (COB today): $5.19
Given the above I get:
P/E Ratio of: 58 (using the definition that P/E ratio is share price divided by EPS)
So why does:
1) Commsec show a P/E Ratio of 160.44?
2) Bloomberg show a P/E Ratio of 129.75?
Which one is right? Do I have the wrong definitions of EPS and P/E ratio? Why do Commsec and Bloomberg have different P/E ratios?
Any light anyone can shed would be greatly appreciated.
Cheers
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