Exercise 11-18 Price-earnings ratio computation and interpretation LO A2 Company Hilton SPG Hyatt Accor Earnings per Share $10.00 8.00 6.00 50.00 Market Value per Share $160.00 83.20 78.00 295.00 Compute the price-earnings ratio for each of these four separate companies. Price-Earnings Ratio Divided by Choose Denominator: Company Choose Numerator: Price-Earnings Ratio Price-earnings ratio Hilton SPG Hyatt Accor = For which of these four companies does the market have the lowest expectation of future performance? Hyatt Hilton Accor SPG