Consider the following information about XYZs peers and industry. Calculate XYZs price per share using the average P/E ratio of its peers if its earnings per share equals $1.25.

Peers

P/E

1

14.00

2

20.90

3

35.10

4

18.90

Industry

23.00

$31.3

$25.8

$27.8

$28.7