Can someone enlighten me?

Before IPO, they make PAT 16mil (2023), 16mil (2022).

After IPO, so far they make 2.6mil Q1, -3.6mil Q2, 1.9mil Q3.

It's really far 16mil. And it based on IPO price 0.25.

Let say Q4 is more or less same with Q3, PE ratio is 100.

Maybe I'm wrong.