the Nasdaq 100
and P/E calculation(s)

A one-time exercise to investigate the question:
Should one include negative earnings ... or not?


the Nasdaq: click for 1-year chart

Click on the Rank, below, to open a new window with a 1-year chart
or the stock Symbol, for a company Profile
or the Price for a 5-day price chart
... but be neat:

Close the window after viewing!

on or about June 20, 2001:

Rank
Symbol
Mkt Cap
(Millions)
Shares
(Millions)
EPS
(Incl. Neg.)
EPS
(Omit Neg.)
Price
1
MSFT
373,000
5382.4
1.800
1.800
69.30
2
INTC
185,800
6724.6
1.190
1.190
27.63
3
CSCO
122,700
7321.0
-0.030
0.000
16.76
4
ORCL
98,462
5613.6
0.440
0.440
17.54
5
AMGN
69,193
1043.2
1.080
1.080
66.33
6
DELL
61,966
2611.3
0.790
0.790
23.73
7
SUNW
47,126
3256.8
0.520
0.520
14.47
8
WCOM
42,924
2894.4
1.240
1.240
14.83
9
ERICY
42,660
8566.3
0.180
0.180
4.98
10
CMCSK
41,376
988.7
3.030
3.030
41.85
11
AMAT
38,453
813.1
2.400
2.400
47.29
12
QCOM
36,720
757.3
0.090
0.090
48.49
13
VRTS
25,796
397.4
-1.510
0.000
64.91
14
VSTR
23,838
266.9
-11.720
0.000
89.30
15
COST
19,513
450.0
1.310
1.310
43.36
16
SEBL
19,077
453.1
0.490
0.490
42.10
17
EBAY
18,566
270.2
0.240
0.240
68.72
18
GMST
16,568
411.3
-0.940
0.000
40.28
19
MXIM
14,494
328.3
1.190
1.190
44.15
20
PAYX
14,407
373.3
0.640
0.640
38.59
21
LLTC
14,192
317.8
1.300
1.300
44.65
22
DISH
13,736
475.1
-1.270
0.000
28.91
23
XLNX
13,560
332.6
0.100
0.100
40.77
24
JDSU
13,425
1316.2
-3.720
0.000
10.20
25
PSFT
13,185
294.0
0.550
0.550
44.85
26
CEFT
12,467
242.3
0.560
0.560
51.45
27
CIEN
12,238
326.5
0.190
0.190
37.48
28
NXTL
11,866
765.1
-1.330
0.000
15.51
29
BEAS
11,794
394.2
0.120
0.120
29.92
30
VRSN
11,448
200.9
-26.230
0.000
56.99
31
CHKP
10,905
230.3
1.030
1.030
47.36
32
GENZ
10,790
193.8
0.570
0.570
55.69
33
ADBE
10,740
239.1
1.130
1.130
44.91
34
IDPH
10,216
149.2
0.510
0.510
68.45
35
CHIR
10,010
189.9
0.100
0.100
52.72
36
USAI
9,871
372.5
-0.280
0.000
26.50
37
YHOO
9,836
566.9
-0.010
0.000
17.35
38
MEDI
9,745
212.8
0.730
0.730
45.80
39
ALTR
9,688
386.7
1.170
1.170
25.05
40
JNPR
9,652
320.7
0.640
0.640
30.09
41
KLAC
9,636
185.4
2.060
2.060
51.98
42
BGEN
9,561
148.6
1.860
1.860
64.33
43
FLEX
9,517
444.5
0.870
0.870
21.41
44
BBBY
9,294
288.6
0.590
0.590
32.20
45
BRCD
9,056
228.0
0.370
0.370
39.71
46
IMNX
9,005
542.1
0.290
0.290
16.61
47
CMVT
8,965
171.4
1.500
1.500
52.31
48
ERTS
8,481
139.3
-0.090
0.000
60.90
49
BMET
8,444
178.9
1.060
1.060
47.19
50
SBUX
8,276
380.2
0.260
0.260
21.77
51
HGSI
8,068
125.7
-1.600
0.000
64.17
52
BRCM
7,980
260.1
-4.700
0.000
30.68
53
INTU
7,931
209.2
-0.020
0.000
37.92
54
CTAS
7,924
169.0
1.260
1.260
46.88
55
MLNM
7,603
217.7
-0.750
0.000
34.93
56
AAPL
7,598
349.0
0.580
0.580
21.77
57
FISV
7,560
124.3
1.460
1.460
60.80
58
ITWO
7,366
411.0
-6.760
0.000
17.92
59
NVLS
6,993
142.5
2.130
2.130
49.09
60
ADLAC
6,898
172.7
-3.000
0.000
39.95
61
SPLS
6,711
463.8
0.140
0.140
14.47
62
TLAB
6,576
409.2
1.820
1.820
16.07
63
MOLX
6,473
195.4
1.310
1.310
33.13
64
SANM
6,394
319.7
0.980
0.980
20.00
65
TMPW
5,840
106.5
0.520
0.520
54.86
66
CTXS
5,657
184.7
0.430
0.430
30.63
67
ADCT
5,612
789.3
-1.250
0.000
7.11
68
SPOT
5,589
149.8
0.490
0.490
37.32
69
RATL
5,043
190.3
0.350
0.350
26.50
70
ATML
5,001
463.9
0.580
0.580
10.78
71
QLGC
4,850
92.2
0.720
0.720
52.63
72
MERQ
4,638
82.6
0.770
0.770
56.14
73
AMZN
4,608
359.2
-3.780
0.000
12.83
74
CPWR
4,576
367.8
0.320
0.320
12.44
75
PMCS
4,054
164.1
-0.070
0.000
24.71
76
AMCC
4,017
300.5
-1.630
0.000
13.37
77
PCAR
3,961
76.5
4.330
4.330
51.75
78
NTAP
3,936
325.6
0.210
0.210
12.09
79
SSCC
3,585
243.5
0.820
0.820
14.72
80
ABGX
3,467
85.9
-0.150
0.000
40.34
81
RFMD
3,350
163.1
0.200
0.200
20.54
82
MCHP
3,346
131.2
1.040
1.040
25.50
83
PMTC
3,096
264.2
0.030
0.030
11.72
84
VTSS
3,042
183.4
0.220
0.220
16.59
85
PALM
2,586
567.1
0.080
0.080
4.56
86
RNWK
2,021
160.3
-0.750
0.000
12.61
87
CNXT
1,779
247.1
-2.460
0.000
7.20
88
COMS
1,556
338.3
-1.760
0.000
4.60
89
MCLD
1,554
616.7
-1.070
0.000
2.52
90
LVLT
1,546
368.1
-4.690
0.000
4.20
91
NOVL
1,489
317.5
-0.530
0.000
4.69
92
CNET
1,419
136.4
-6.200
0.000
10.40
93
ARBA
1,221
254.4
-12.450
0.000
4.80
94
BVSN
1,160
273.6
-1.050
0.000
4.24
95
MFNX
1,088
607.8
-0.860
0.000
1.79
96
INKT
1,084
128.0
-0.750
0.000
8.47
97
CMGI
1,066
346.1
-14.900
0.000
3.08
98
ATHM
0,862
408.4
-19.030
0.000
2.11
99
EXDS
0,770
554.0
-1.630
0.000
1.39
100
XOXO
0,603
372.2
-5.210
0.000
1.62
SUM of
Mkt Caps =
1,843,385
SUM of
Shares*EPS =
-3,547
45,011
P?E Ratios =
-520
(Incl. Neg.)
41
(Omit Neg.)

P?E Ratio = {Total Market Cap} / {Total Earnings}

Total Earnings may Include or Omit Negative earnings. (But the Market Caps are included for ALL!)

Note: You got enough negative earnings, you got a negative P?E Ratio !!

Data collected from Yahoo!

See also P/E Ratios

P.S.
If'n we just omit all companies with negative earnings, including their Market Caps
(that'd omit 34 of 'em)
we'd get for the Nasdaq 66: P?E = 37