Vodafone EPS

[Countdown]

I must be missing something but Vodafone earnings per share is showing as £223.84 and a P/E ration of 0.87.

That can't be right.....

http://moneyweek.com/prices-news-charts/performanc...

[walm]

The units are all FUBAR - those appear to be 100ths of a penny.

So take 3i for example: stock price £3.69 with 54p of earnings = 6.8x PE.

The problem for VOD is that it most likely includes the one-off capital gain from selling their VZW stake in fiscal H2 last year.

I haven't looked in a while but VOD EPS is expected around 10p IIRC.

Although I wouldn't value many telcos on PE owing to the often huge distortions between their depreciation and their capex.

I would look at EV/EBITDA multiples or even better EV/OpFCF multiples.