Question
A company expects EPS to be $7.46 next year. The industry average P/E ratio is 25.66 and Enterprise multiple is 9.34. The EBITDA for the
A company expects EPS to be $7.46 next year. The industry average P/E ratio is 25.66 and Enterprise multiple is 9.34. The EBITDA for the company is $45.82 million. What is an estimate of the stock price using the method of comparables for P/E multiples? Round your answer to two (2) decimal places.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
