Scotts Miracle-Gro is the worlds leading supplier and marketer of do-it-yourself lawn and garden products and is located in Marysville, Ohio. Although Scotts dominates many of its chosen markets, its profit margins are mediocre. Use the following information on Scotts and five other similar companies to value Scottss common stock on November 1, 2007.

Book value interest-bearing debt

Scotts Miracle-Gro ($ millions) Net income $ 113.4 Number of common share in millions 63.9 Earnings before interest and tax $ 156 Tax rate 40% Book value of equity $ 479.3 Book value interest-bearing debt $1,118

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