ATC Justified P/E & ATC Justified P/A — PDD Case Study
Subject : ATC Justified P/E & ATC Justified P/A — PDD Case Study
.
(A)
(AI)
Academic Justified P/E (GAAP, Fin2026.Mar.TTM)
= (1 - g/ROE)/(k - g)
= (1-0.025÷0.225889492167)÷(0.04957-0.025)
= 36.1956212703
.
🏀
Academic Justified P (GAAP, Fin2026.Mar.TTM)
= Academic Justified P/E × EPS
= 36.1956212703×9.3689230329
= USD 339.1139898094🏀
.
(AII)
Academic Justified P/B (GAAP, Fin2026.Mar.TTM)
= (ROE - g)/(k - g)
= (0.2258894922-0.025)÷(0.04957-0.025)
= 8.1762105088
.
Book Value Per Share (GAAP, Fin2026.Mar.TTM)
= 423,427÷6.8980÷(5,920÷4)
= USD 41.4756921317
.
🏀
Academic Justified P (GAAP, Fin2026.Mar.TTM)
= Academic Justified P/B × Book Value Per Share
= 8.1762105088×41.4756921317
= USD 339.1139898647🏀
.
(B)
(BI)
ATC Justified P/E (GAAP, ROA, Fin2026.Mar.TTM)
= (1 - g/ROA)/(CTAC - g)
= (1-0.025÷0.1499876275)÷(0.0854553219-0.025)
= 13.7840567015
.
🏀
Justified P (GAAP, ROA, Fin2026.Mar.TTM)
= Justified P/E × EPS
= 13.7840567015×9.3689230329
= USD 129.1417663175🏀
.
(BII)
ATC Justipfied P/A (GAAP, ROA, Fin2026.Mar.TTM)
= (ROA - g)/(CTAC - g)
= (0.1499876275-0.025)÷(0.0854553219-0.025)
= 2.067437962
.
Total Assets Per Share (GAAP, ROA, Fin2026.Mar.TTM)
= 536,555÷6.8980÷(5,920÷4)
= USD 52.5568515747
.
🏀
Justified P (GAAP, ROA, Fin2026.Mar.TTM)
= Justified P/A × Total Assets Per Share
= 2.067437962×52.5568515747
= USD 108.6580301087🏀
.