After Rights Issue
EPS=8.49
Current PER=21
Market Price= 8.49*PER= 181.46
Current bidding Market Price= 355 almost 2 times the fundamentals
Is it massively overvalued?
After the split 1:4
EPS=2.1
Current PER=21
Market Price= 2.1*PER= 45.36
please help me in finding NAVPS and Book Value after right issue and split? Make me correct if the above calculation is wrong. Need experts comments.