Annual earnings per coin. As of this writing, I believe that would be approximately
96.79 DAI/MKR/year (i.e.
(87,823,980 DAI annual revenue) / (907,351 MKR outstanding)).
I realize this is very similar to P/E ratio, but given our emphasis on burning, I thought EPS might be nice. “If you had one MKR, this is how much it would return per year.”
I also like earnings per coin more than P/E ratio because it removes MKR price fluctuations from the equation. Barring large increases in expenses, earnings per coin generally ought to only go up as DAI supply & revenue increase, and as we burn MKR.
A chart of earnings per coin over time might be neat, too.
Thanks for the site 🙇♂️