A company has an EPS of $2.40, a book value per share of $22.56, and a market/book ratio of 2.5x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Round your answer to two decimal places.
(1) Market/book ratio = 2.5x Market/$22.56 = 2.5x... View the full answer
- May 17, 2016 at 11:16am
- Sorry, it was $23.50x
- May 17, 2016 at 11:17am