공시 • May 12
PG Electroplast Limited to Report Q4, 2026 Results on May 19, 2026 PG Electroplast Limited announced that they will report Q4, 2026 results on May 19, 2026 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹558, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 45x in the Electronic industry in India. Total returns to shareholders of 299% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹813 per share. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Krishnavatar Khandelwal was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹522, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 44x in the Electronic industry in India. Total returns to shareholders of 271% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,018 per share. Reported Earnings • Feb 03
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹2.18 (up from ₹1.47 in 3Q 2025). Revenue: ₹14.2b (up 47% from 3Q 2025). Net income: ₹619.6m (up 57% from 3Q 2025). Profit margin: 4.4% (up from 4.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jan 24
PG Electroplast Limited to Report Q3, 2026 Results on Feb 02, 2026 PG Electroplast Limited announced that they will report Q3, 2026 results on Feb 02, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹0.09 (down from ₹0.74 in 2Q 2025). Revenue: ₹6.70b (flat on 2Q 2025). Net income: ₹27.6m (down 86% from 2Q 2025). Profit margin: 0.4% (down from 2.9% in 2Q 2025). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Nov 07
PG Electroplast Limited to Report Q2, 2026 Results on Nov 13, 2025 PG Electroplast Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Declared Dividend • Sep 03
Dividend increased to ₹0.25 Dividend of ₹0.25 is 25% higher than last year. Ex-date: 19th September 2025 Payment date: 28th October 2025 Dividend yield will be 0.05%, which is lower than the industry average of 0.9%. 공시 • Sep 01
PG Electroplast Limited, Annual General Meeting, Sep 29, 2025 PG Electroplast Limited, Annual General Meeting, Sep 29, 2025, at 12:30 Indian Standard Time. Price Target Changed • Aug 11
Price target decreased by 7.3% to ₹961 Down from ₹1,036, the current price target is an average from 7 analysts. New target price is 90% above last closing price of ₹506. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹12.92 for next year compared to ₹10.74 last year. Reported Earnings • Aug 09
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: ₹2.37 (down from ₹3.21 in 1Q 2025). Revenue: ₹15.0b (up 14% from 1Q 2025). Net income: ₹669.8m (down 20% from 1Q 2025). Profit margin: 4.5% (down from 6.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ₹589, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 49x in the Electronic industry in India. Total returns to shareholders of 559% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹728 per share. 공시 • Aug 01
PG Electroplast Limited to Report Q1, 2026 Results on Aug 08, 2025 PG Electroplast Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Buy Or Sell Opportunity • Jun 17
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to ₹765. The fair value is estimated to be ₹637, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. 공시 • May 27
PG Electroplast Shares in Focus as Promoters Reportedly Plan Stake Sale Via Block Deal Shares of PG Electroplast Limited (BSE:533581) will be in focus on 27 May 2025 as the company's promoters plan to offload up to 5.62% of their stake through a block deal worth INR 11.77 billion. The transaction involves the sale of 1.59 crore shares at a floor price of INR 740 per share, representing a 4.4% discount to the stock's closing price of INR 773.95 on May 26, 2025, on the National Stock Exchange (NSE). JM Financial is managing the block deal, which is scheduled for May 27. As part of the transaction, the promoters remaining stake currently at 49.37% as of March 2025 will be subject to a 180-day lock-in period. The sale is aimed at enhancing stock liquidity and expanding institutional participation in the company, which has a market capitalisation of approximately INR 219.30 billion. Reported Earnings • May 13
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹10.74 (up from ₹5.47 in FY 2024). Revenue: ₹49.0b (up 79% from FY 2024). Net income: ₹2.88b (up 113% from FY 2024). Profit margin: 5.9% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. 공시 • May 03
PG Electroplast Limited to Report Q4, 2025 Results on May 12, 2025 PG Electroplast Limited announced that they will report Q4, 2025 results on May 12, 2025 Buy Or Sell Opportunity • May 02
Now 21% undervalued Over the last 90 days, the stock has risen 3.4% to ₹828. The fair value is estimated to be ₹1,050, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to grow by 138% in the next 2 years. Buy Or Sell Opportunity • Apr 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₹813. The fair value is estimated to be ₹1,074, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 134% in the next 2 years. Buy Or Sell Opportunity • Feb 14
Now 25% undervalued Over the last 90 days, the stock has risen 21% to ₹760. The fair value is estimated to be ₹1,009, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 134% in the next 2 years. Reported Earnings • Feb 07
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹1.47 (up from ₹0.72 in 3Q 2024). Revenue: ₹9.75b (up 83% from 3Q 2024). Net income: ₹395.4m (up 106% from 3Q 2024). Profit margin: 4.1% (up from 3.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jan 29
PG Electroplast Limited to Report Q3, 2025 Results on Feb 06, 2025 PG Electroplast Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Price Target Changed • Dec 09
Price target increased by 18% to ₹647 Up from ₹547, the current price target is an average from 6 analysts. New target price is 20% below last closing price of ₹814. Stock is up 255% over the past year. The company is forecast to post earnings per share of ₹9.25 for next year compared to ₹5.47 last year. 공시 • Dec 05
PG Electroplast Limited has filed a Follow-on Equity Offering. PG Electroplast Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 705.18
Transaction Features: Regulation S; Subsequent Direct Listing 공시 • Nov 15
PG Electroplast Limited Approves Appointment of Krishnavatar Khandelwal as Non-Executive Independent Director PG Electroplast Limited announced that at its EGM held on November 13, 2024, the shareholders approved appointment of Mr. Krishnavatar Khandelwal as non-executive independent director of the company. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹0.74 (vs ₹0.50 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.74 (up from ₹0.50 in 2Q 2024). Revenue: ₹6.75b (up 47% from 2Q 2024). Net income: ₹193.3m (up 56% from 2Q 2024). Profit margin: 2.9% (up from 2.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Nov 04
PG Electroplast Limited to Report Q2, 2025 Results on Nov 11, 2024 PG Electroplast Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Nov 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹31m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Significant insider selling over the past 3 months (₹31m sold). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹539, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 48x in the Electronic industry in India. Total returns to shareholders of 864% over the past three years. 공시 • Sep 09
PG Electroplast Limited, Annual General Meeting, Sep 30, 2024 PG Electroplast Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Raman Uberoi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹520, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 49x in the Electronic industry in India. Total returns to shareholders of 1,669% over the past three years. Recent Insider Transactions • Aug 07
Chief Financial Officer recently bought ₹28m worth of stock On the 1st of August, Pramod Gupta bought around 63k shares on-market at roughly ₹442 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth ₹53m. This was Pramod's only on-market trade for the last 12 months. Price Target Changed • Jul 28
Price target increased by 43% to ₹409 Up from ₹285, the current price target is an average from 3 analysts. New target price is 7.3% below last closing price of ₹442. Stock is up 191% over the past year. The company is forecast to post earnings per share of ₹8.70 for next year compared to ₹5.47 last year. Reported Earnings • Jul 25
First quarter 2025 earnings released: EPS: ₹3.21 (vs ₹1.49 in 1Q 2024) First quarter 2025 results: EPS: ₹3.21 (up from ₹1.49 in 1Q 2024). Revenue: ₹13.2b (up 96% from 1Q 2024). Net income: ₹837.0m (up 148% from 1Q 2024). Profit margin: 6.3% (up from 5.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jul 17
PG Electroplast Limited to Report Q1, 2025 Results on Jul 24, 2024 PG Electroplast Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹3,908, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 53x in the Electronic industry in India. Total returns to shareholders of 812% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2,938, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 49x in the Electronic industry in India. Total returns to shareholders of 607% over the past three years. Price Target Changed • May 25
Price target increased by 14% to ₹2,656 Up from ₹2,333, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹2,602. Stock is up 67% over the past year. The company is forecast to post earnings per share of ₹50.75 for next year compared to ₹35.78 last year. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,502, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 52x in the Electronic industry in India. Total returns to shareholders of 478% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,542 per share. 공시 • May 05
PG Electroplast Limited to Report Q4, 2024 Results on May 22, 2024 PG Electroplast Limited announced that they will report Q4, 2024 results on May 22, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,828, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 49x in the Electronic industry in India. Total returns to shareholders of 402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,492 per share. Buy Or Sell Opportunity • Apr 01
Now 20% overvalued Over the last 90 days, the stock has fallen 22% to ₹1,793. The fair value is estimated to be ₹1,489, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 100% in the next 2 years. Buy Or Sell Opportunity • Feb 19
Now 20% overvalued Over the last 90 days, the stock has fallen 21% to ₹1,881. The fair value is estimated to be ₹1,562, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Reported Earnings • Feb 15
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹7.17 (up from ₹6.47 in 3Q 2023). Revenue: ₹5.32b (up 16% from 3Q 2023). Net income: ₹191.8m (up 40% from 3Q 2023). Profit margin: 3.6% (up from 3.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 17
Price target increased by 7.4% to ₹2,541 Up from ₹2,366, the current price target is an average from 2 analysts. New target price is 20% above last closing price of ₹2,117. Stock is up 84% over the past year. The company is forecast to post earnings per share of ₹51.43 for next year compared to ₹35.78 last year. Reported Earnings • Nov 07
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹4.99 (up from ₹3.37 in 2Q 2023). Revenue: ₹4.64b (up 41% from 2Q 2023). Net income: ₹123.7m (up 73% from 2Q 2023). Profit margin: 2.7% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has increased by 155% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Oct 28
PG Electroplast Limited to Report Q2, 2024 Results on Nov 06, 2023 PG Electroplast Limited announced that they will report Q2, 2024 results on Nov 06, 2023 공시 • Sep 09
PG Electroplast Limited, Annual General Meeting, Sep 30, 2023 PG Electroplast Limited, Annual General Meeting, Sep 30, 2023, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended on March 31, 2023, the report of the Board of Directors and Statutory Auditors thereon; to re-appoint Mr. Anurag Gupta as a Director, who retires by rotation and, being eligible, offers himself for re-appointment; to approve/ratify remuneration of the cost auditor for the financial year ending on March 31, 2024; and to consider other matters. Reported Earnings • Aug 06
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: ₹14.85 (up from ₹7.73 in 1Q 2023). Revenue: ₹6.78b (up 27% from 1Q 2023). Net income: ₹338.1m (up 106% from 1Q 2023). Profit margin: 5.0% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 84%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 214% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jul 29
PG Electroplast Limited to Report Q1, 2024 Results on Aug 04, 2023 PG Electroplast Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Buying Opportunity • Jul 21
Now 20% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be ₹1,849, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 94%. Revenue is forecast to grow by 72% in 2 years. Earnings is forecast to grow by 145% in the next 2 years. Reported Earnings • Jun 01
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹35.78 (up from ₹18.08 in FY 2022). Revenue: ₹21.6b (up 97% from FY 2022). Net income: ₹774.7m (up 107% from FY 2022). Profit margin: 3.6% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 249% per year, which means it is tracking significantly ahead of earnings growth. 공시 • May 19
PG Electroplast Limited to Report Q4, 2023 Results on May 26, 2023 PG Electroplast Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,382, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Electronic industry in Asia. Total returns to shareholders of 1,670% over the past three years. Price Target Changed • Feb 07
Price target increased by 34% to ₹1,816 Up from ₹1,355, the current price target is provided by 1 analyst. New target price is 59% above last closing price of ₹1,143. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹28.90 for next year compared to ₹18.08 last year. Reported Earnings • Feb 05
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: EPS: ₹6.47 (up from ₹2.69 in 3Q 2022). Revenue: ₹4.61b (up 76% from 3Q 2022). Net income: ₹137.4m (up 148% from 3Q 2022). Profit margin: 3.0% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth.