P/√(100×EPS×DₜₐₚPS) Multiple — PDD, Alphabet-C (Google) & Ebay Case Studies
Subject : P/√(100×EPS×DₜₐₚPS) Multiple — PDD, Alphabet-C (Google) & Ebay Case Studies
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(A)
PDD
FY2025 : Non-Gaap
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(A1)
At 52wL USD 95.24 :
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P/√(100×EPS×DₜₐₚPS) Multiple
= 95.24 ÷ √(100×10.3507581966×2.0475622232)
= 2.0687821053 🏀
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(A2)
At 52wH USD 139.41 :
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P/√(100×EPS×DₜₐₚPS) Multiple
= 139.41 ÷ √(100×10.3507581966×2.0475622232)
= 3.028233025
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(B)
Alphabet-C (Google)
FY2026.Mar.TTM : Non-Gaap
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(B1)
At 52wL USD 162.963 :
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(B1.1)
P/√(100×EPS×DₜₐₚPS) Multiple
= 162.963/√(100×12.2578423871×2.5284501418)
= 2.9272161831 🏀
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(B1.2)
P/√(100×EPS×D₀PS) Multiple
= 162.963/√(100×12.2578423871×0.83)
= 5.1090828861
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(B2)
At 52wH USD 398.37 :
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(B2.1)
P/√(100×EPS×DₜₐₚPS) Multiple
= 398.37÷√(100×12.2578423871×2.5284501418)
= 7.1557047359
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(B2.2)
P/√(100×EPS×D₀PS) Multiple
= 398.37÷√(100×12.2578423871×0.83)
= 12.4893708961
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(C)
Ebay
FY2025v : GAAP
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Gaap EPS (Diluted)
= USD 4.3376068376
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(C1)
At 52wL USD 69.738 :
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P/√(100×EPS×D₀PS) Multiple
= 69.738÷√(100×4.3376068376×1.16)
= 3.1089619094
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(C2)
At 52wH USD 111.38 :
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P/√(100×EPS×D₀PS) Multiple
= 111.38/√(100×4.3376068376×1.16)
= 4.9653872705
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Remarks :
(I)
DₜₐₚPS
= Theoretical Affordable Payable Dividend Per Share
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(II)
D₀PS
= Actual Distributed Dividend Per Share
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(III)
DₜₐₚPS ≠ D₀PS
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(IV)
Usually :
DₜₐₚPS < D₀PS
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Reference :
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