When they ask how much of p/e is attributable to PVGO, why do we put PVGO/earnings? Is PVGO a price?

PVGO is the peice of a growth stock that is not explained by its earnings (or lack there of)

Vo = E1 / r + PVGO

Therefore we can deduce the amount of P/E that is accredited to its “growth”,

(E1/r) / earnings + PVGO / Earnings = P/E

i just asked a quesiton on PVGO too…any thoughts ?