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The average P/E ratio in the industry is between 20 and 22. Earnings for the RWC company were $2.50 last year, what is their valuation

The average P/E ratio in the industry is between 20 and 22. Earnings for the RWC company were $2.50 last year, what is their valuation range? If their current price is $60 is the company overvalued, undervalued or fairly valued?

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