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Lowell Inc. is a manufacturer and distributor numerous food products. The company recently reported earnings per share of $5.90. Based on its recent price of
Lowell Inc. is a manufacturer and distributor numerous food products. The company recently reported earnings per share of $5.90. Based on its recent price of $110.48, the company has a PE ratio of 18.73. Lowell Inc. is part of the food processing industry which has an industry PE ratio of 19.75.
Using industry information, estimate the intrinsic value of Lowell Inc.'s earnings per share?
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