Consider the following data LOADING...for the airline industry for July 2018 (EV equals enterprise value, Book equals equity book value). Suppose Alaska Air (ALK) has 124 million shares outstanding. Estimate Alaska Air's share value using each of the five valuation multiples, based on the median valuation multiple of the other seven airlines shown (excluding Alaska Air).

Calculate Alaska Air's share values using each of the five valuation multiples below:(Round the median to two decimal places. Round the share price to the nearest cent. Round the EV and market cap to the nearest integer.)

		EV/Sales
Alaska Air		1.02
Median
Implied EV	$
Implied market cap	$
Implied share price	$

Data Table

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in order to copy its contents into a spreadsheet.)

Company Name	Market Capitalization	Enterprise Value (EV)	EV/Sales	EV/EBITDA	EV/EBIT	P/E	Forward P/E
Alaska Air (ALK)	7,286	8,207	1.02x	5.1x	6.7x	7.7x	12.5x
American Airlines (AAL)	17,879	37,327	0.87x	5.7x	8.2x	10.5x	8.2x
Delta Air Lines (DAL)	35,580	44,164	1.02x	5.7x	8.0x	10.8x	8.8x
Hawaiian (HA)	2,023	2,057	0.73x	3.4x	4.1x	5.8x	7.2x
JetBlue Airways (JBLU)	5,450	5,814	0.80x	4.1x	5.9x	4.9x	10.8x
SkyWest (SKYW)	2,909	5,040	1.56x	7.2x	12.6x	6.6x	11.8x
Southwest Airlines (LUV)	30,318	30,691	1.44x	6.9x	8.9x	8.6x	12.3x
United Continental (UAL)	21,961	31,393	0.80x	5.7x	9.2x	11.4x	9.3x
Source: CapitalIQ