AAD ardent leisure group

Does anyone with a good understanding of company accounting know...

  1. 134 Posts.
    Does anyone with a good understanding of company accounting know why AAD's PE is being listed as 50 in the share tables of newspapers? I have read analyst reports which say the stock has a PE of around 7 or 8. Where is the discrepancy that makes it show up as 50 in the stock tables? My understanding is it relates to earnings per share and not profit so I'm wondering if there is some accounting reason why this has occurred and in fact is not reflective of the true PE
 
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