UPDATED STATS (Aug 24)
When the IPO was announced about 6 days ago, the P/E ratio was 10x. Some people said that was too high of a valuation and we've been debating this as is proper.
I updated the stats today to reflect the past week of numbers, as well as added a new metric showing P/E based on past 30 days (not based on all time performance).
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0Current P/E based on all-time performance: 8.79x
Current P/E based on past 30 days performance: 4.72x
Thus, if SatoshiDICE remains flat from here, and neither grows nor shrinks in usage from actual past 30 days' performance, it's priced at a 4.72x multiple. Annual dividend yield of IPO prices is 21.20%
I can't stress enough that all these numbers are based on
actual real-life performance, they are not wild-eyed estimates of possible future growth figures, etc. I think it will be hard to continue to argue that this asset is priced unreasonably.
You're still calculating P/S ratios, not P/E ratios.
Also, you can't use 320k as your numerator when calculating these P/S ("P/E") ratios, since you plan to sell most of your shares with higher prices, making effective avg. price of your share as .00345, not .00320.
Correct P/E (not P/S) ratios are:
Current P/E based on all-time performance: 9.95x (down from 11)
Current P/E based on past 30 days performance: 5.22x
And annual dividend yield of IPO prices is 19.15%. Why are you defrauding your investors?
My bad cedus, you are correct re: the math. I didn't avg the IPO shares, only used the first block which are selling for .0032.
Not sure what your "p/s" vs "p/e" distinction is, though? And please don't ask snide rhetorical questions, I'm not defrauding anybody. I made a mistake.