AMC Entertainment Holdings Inc shares have outperformed the S&P 500 in the past 12 months, generating a total return of 964.5 percent. AMC’s stock had a wild ride in 2021, but investors may be wondering whether there’s any value to be found in AMC shares after its big run. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value. For comparison, the S&P 500’s PE is currently at about 29.5, nearly double its long-term average of 15.6. AMC doesn’t currently have a PE ratio because the company is not profitable. In the most recent quarter, AMC reported a net loss of $224.2 million. Growth Looking ahead to the next four quarters, the S&P 500’s forward PE ratio looks much more reasonable at just 20.9. Unfortunately, analysts are not expecting AMC to turn a profit over …