$($Related to Checkpoint $4\mathrm{.}4)($Market value analysis$)$ Greene, Inc.$\text{'}$s balance sheet indicates that the book value of stockholders' equity $($book value per share $$ total shares outstanding$)$ is $$751,200.$ The firm's earnings per share are $$2\mathrm{.}97,$ which produces a price$-$earnings ratio of $12\mathrm{.}19.$ If there are $47,000$ shares of common stock outstanding, what is the firm's market$-$to$-$book ratio $($i$.$e$.,$ the ratio of price per share to book value per share$)?$ What does the market$-$to$-$book ratio tell us$?$

The market$-$to$-$book ratio is $($Round to two decimal places.$)$