25. Suppose that in January 2006, Kenneth Cole Productions had EPS of $1.67 and a book value of equity of $12.17 per share. a. Using the average P/E multiple in Table 9.1, estimate KCP's share price. b. What range of share prices do you estimate based on the highest and lowest P/E multiples in Table 9.12 c. Using the average price to book value multiple in Table 9.1, estimate KCP's share price. d. What range of share prices do you estimate based od the highest and lowest price to book value multiples in Table 9.12 an airline. EV/EBITDA EV/EBIT P/E 6.0x 7.6% 15.0x P/Book 4.Ox 7.5x 2.6x 5.5x EV/Sales 1.1 x 0.9x 0.7x 1.5x 1.8x 4.5x 4.2x Market Company Name Capitalization Delta Air Lines (DAL) 40,857 American Airlines (AAL) 27.249 United Continental (UAL) 22,000 Southwest Airlines (LUV) 28,499 Alaska Air (ALK) 10.396 JetBlue Airways (JBLU) 7,338 SkyWest (SKYW) 1,039 Hawaiian (HA) 1.974 Source: Capital IQ and Yahoo! Finance 5.6x Enterprise Value (EV) 45,846 38.937 28,522 28,125 9,870 8.189 2,590 2.281 6.0x 7.4x 4.1x 6,3x 7.9x 6.2x 3.1x 16.1x 13.4x 13.8x 21.2x 15.1x 4.4 1.3x 6.1x 7.9% 2.4x 5.2x 11.1x 0.8x 1.0x 0.7x 5.3x 5.3x 6.9x