Question
CosmoX is a new start-up company and you think that relative valuation is the best way to price it. CosmoX has expected earnings per share
CosmoX is a new start-up company and you think that relative valuation is the best way to price it. CosmoX has expected earnings per share of $0.9 for the upcoming year. The four closest competitors of CosmoX have forward P/E ratios of 92.1, 73.2, 106.6 and 109.4. What should be the price of CosmoX?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
