Actual PE for growing company

For company with consistent growth rate, the current PE is not reflect the real PE of the firm like what other non-growing company do.
    Like example below, if you paying share price with PE 20, the actual PE is around 7.7 (which is about half of currect market PE) if the company having 20% growth.

Hartalega in Forbes Asia list

KUALA LUMPUR- Hartalega Holdings Bhd, a glove manufacturing company, has been named by Forbes Asia as one of the best-performing listed companies in 2012 in Asia with sales revenue under US$1 billion (RM3.05 billion).

This is also the third consecutive time Hartalega appeared on the Forbes Asia list.

"It's truly an honour to be selected by Forbes Asia for the third year running and to be recognised for making an impact in the industry, even more so as we are ranked among other prominent compa-nies, not just in Malaysia but throughout the Asia-Pacifc region," Hartalega managing director Kuan Mun Leong said in a statement yesterday.

"As the group continues on its growth path, our manufacturing efficiency and the production capacity improvements we have in the pipeline will enable us to tap into key emerging markets in the region, including China and India.

"Given our strong operational capabilities and technological innovation, we remain well-positioned to ride the swelling wave of demand for our top-of-the-line nitrile gloves," Kuan added.