Given Costco's recent trading price is $306 and using the 2019 diluted EPS from the Income Statement information given to you,

what should Mattel's price [ Select ] be if their PE ratio should be 39.5x? Does this mean the stock is over, or under, valued [ Select ] ?

2 12 - + 116% 2019 2018 2017 REVENUE 149,351 $ 3,352 152,703 138,434 $ 3,142 141,576 126,172 2,853 129,025 132,886 14,994 86 4,737 123,152 13,876 68 4,480 111,882 12,950 82 4,111 Net sales Membership fees Total revenue OPERATING EXPENSES Merchandise costs Selling, general and administrative Preopening expenses Operating income OTHER INCOME (EXPENSE) Interest expense Interest income and other, net INCOME BEFORE INCOME TAXES Provision for income taxes Net income including noncontrolling interests, Net income attributable to noncontrolling interests.............. NET INCOME ATTRIBUTABLE TO COSTCO NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: Basic Diluted Shares used in calculation (000's) Basic (150) 178 4,765 1,061 3,704 (159) 121 4,442 1,263 3,179 (134) 62 4,039 1,325 2,714 (45) (45) 3,659 (35) 2,679 $ 3,134 8.32 $ 8.26 $ 7.15 $ 7.09 6.11 6.08 SS 439,755 442,923 438,515 441,834 438,437 440,937 Diluted .............. [: w & hp