PGX fairly priced with upside

I am new to this stock feed and am a follower of a number of stocks.... I did a comparison between PGX & TPP, to me PGX is a stock with good upside potential... see below:

whilst I think 40x is a bit rich , 8 to 10x plus growth in earnings-  PGX provides a sound investment with both growth in the multiple along with a growth in earnings.... I would have thought PGX could do better than $10.0M next year as the industry is turning and their work in hand is already secured- good upside with limited downside.... ​

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Earnings Guidance 2019: ​

	Column 1	Column 2	Column 3
1		TPP​	PGX​
2	Work in Hand	$7-15M​	$95M​
3	EBIT	$1.0M *​	~$8.5M​
4
5	Cash on Hand	$7M​	$20M​
6	Market Cap	$40M​	$60M​
7
8	EBIT X’s	40x​	7x​

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