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CAKE Co. has the sales of $2,482 million, net income of $127 million, and the book equity of $571 million. It has 44 million shares
CAKE Co. has the sales of $2,482 million, net income of $127 million, and the book equity of $571 million. It has 44 million shares outstanding. The industry average P/E ratio is 10.33, P/B ratio is 2.55, and P/Sales ratio is 2.34. What is the expected price of CAKE stock using the P/Sales ratio?
$132.00 | ||
$31.00 | ||
$33.09 | ||
$29.82 |
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