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Name P/E Company A 7.36 18.09 Company B Company C 9.76 Company D 14.89 Company E 6.55 The table above shows price to earnings (P/E)
Name P/E Company A 7.36 18.09 Company B Company C 9.76 Company D 14.89 Company E 6.55 The table above shows price to earnings (P/E) multiples for firms in the retail industry. Another retail firm, Company X (not shown), expects earnings per share of $3.59 and EBITDA of $336 million. Company X has no excess cash, $67 million of debt, and 108 million shares outstanding. Using the average price to earnings multiple for comparable businesses, what is the best estimate of the stock price of Company X? Round your answer to two decimal places, and omit dollar signs (i.e., enter $2,001.271 as 2,001.27)
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