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Suppose Rocky Brands has earnings per share of $2.31 and EBITDA of $30.7 million. The firm also has 52 milion shares outstanding and debt of

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Suppose Rocky Brands has earnings per share of $2.31 and EBITDA of $30.7 million. The firm also has 52 milion shares outstanding and debt of 5115 million (net of cash). You believe Jared's Outdoor Corporation is comparable to Rocky Brands in terms of its underlying business, but Jared's has no debt, it red's has a PE of 136 and an enterprise value to EBITDA multiple of 7.8, estimate the value of Rocky Brands stock using both multiples. Which estimate is kely to be more accurate? CE Rocky Brandstock value by using the PE ratio is $ 163,363.200 per share (Round to two decin places) The value of Rocky Brands by using the PE tais $124.40 milion (Round to one decimal place)

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