How to calculate PE of unlisted company?

At present, it is generally believed that the new economic companies are developing rapidly, but with great fluctuations and risks, the profit model is unclear, and many of them are loss-making and light-asset models. In particular, the traditional valuation method of P/E ratio is difficult to play a role, because the net profit is negative or fluctuates greatly. In fact, the price-earnings ratio valuation method is still the main valuation method for overseas IT companies. Such as Google, Apple, Oracle Bone Inscriptions, Tencent, Netease, Sina and other mainstream technology giants mostly use the price-earnings ratio valuation method, and the valuation range is 15-30 times.

Next, I personally explain to my friends the valuation judgment basis of non-listed companies. Price-earnings ratio valuation method. P/E ratio is a relative index that reflects the market's expectation of the company's profit. The use of P/E ratio should be based on two relative angles. One is the relative change of expected P/E ratio (or dynamic P/E ratio) and historical P/E ratio (or static P/E ratio), and the company P/E ratio is compared with the industry average P/E ratio.

If the price-earnings ratio of listed companies is higher than the previous year or the industry average, it means that the market expects the company's future earnings to rise. On the other hand, if the P/E ratio is lower than the industry average, it means that the market expects the company's future profit to be lower than that of its peers, so the P/E ratio should be treated relatively. A high P/E ratio is not good, but a low P/E ratio is good, with a profit of 5 million and 4 times PE. Then the company's valuation is 20 million, multiplied by 30% is 6 million.

It can be seen that PE valuation has nothing to do with registered capital or net assets, and PE valuation focuses on the future profitability of asset portfolio. In addition, it should be noted that if the company's profit is very low, for example, only 6,543.8+0,000, the valuation of four times PE company is 4 million, multiplied by 30% is 6,543.8+0.2 million, and 30% of the book value equity or the corresponding net assets is 3 million, then this