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Price-Earnings (P/E) Ratio : Evaluate the P/E ratio for a company with a market price per share of $30 and earnings per share (EPS) of

Price-Earnings (P/E) Ratio: Evaluate the P/E ratio for a company with a market price per share of $30 and earnings per share (EPS) of $3. What does this ratio indicate about the company's valuation?

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