Let's not get carried away but...................................31 Oct 2024 08:58
The Medical Devices industry has a total of 146 stocks, with a combined market cap of $874.81 billion, total revenue of $204.03 billion and a weighted average PE ratio of 64.10.
Half yr profit £400k, lets say annual £1m [esp with Abiss acquisition rev noted in RNS]
I am not saying apply 64 p/e but I am saying our current mcap more than supports our current pathetic EV of £3.5m on profitabilty alone. It is for all here & on the sidelines to assess what p/e should be ascribed.