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calculating a stock's price target
user
the price-earnings ratio is calculated as the market value per share divided by the earnings per share over the past 12 months. in your example, you state that the company earned $0.35 over the past quarter. that is insufficient to calculate the price-earnings ratio, and probably why the pe is just given as 20. so, if you have transcribed the formula correctly, the calculation given the numbers in your example would be: 0.35 * 4 * 20 = $28.00 as to cvrr, i'm not sure your pe is correct. according to yahoo, the pe for cvrr is 3.92 at the time of writing, not 10.54. using the formula above, this would lead to: 2.3 * 4 * 3.92 = $36.06 that stock has a 52-week high of $35.98, so $36.06 is not laughably unrealistic. i'm more than a little dubious of the validity of that formula, however, and urge you not to base your investing decisions on it.
assistant