A company has an EPS of $2.25, a book value per share of $23.85, and a...
A company has an EPS of $2.25, a book value per share of $23.85, and a market/book ratio of 3.0×. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.
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Homework Answers
Market/book ratio=Market value/Book value
Hence market value per share=(23.85*3)=$71.55
P/E ratio=market price/EPS
=71.55/2.25
=31.8
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