Question
An analyst gathers the following information on the publicly traded shares of XYZ Limited: Latest closing share price: $26.50 Total number of shares issued: 100
An analyst gathers the following information on the publicly traded shares of XYZ Limited:
- Latest closing share price: $26.50
- Total number of shares issued: 100 million
Annual earnings available to ordinary shareholders: $265 million.
Calculate the company's P/E ratio based on this information.
Step by Step Solution
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Step: 1
To calculate the PricetoEarnings PE ratio we divide ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
