The data below is for Q$28-$Q$30.$ An analyst is using relative valuation on the following four stocks:

STOCK PRICE REVENUES EARNINGS BOOK VALUE $(000)$ SHARES

$121\mathrm{.}00$ $ $2,000,000$ $ $100,000$ $ $750,000500,000$

$223\mathrm{.}00$ $ $5,000,000$ $ $300,000$ $ $300,000200,000$

$348\mathrm{.}00$ $ $20,000,000$ $ $1,750,000$ $ $2,000,000600,000$

$440\mathrm{.}00$ $ $8,000,000$ $ $800,000$ $ $300,000250,000$

If using Price$/$Earnings ratio which of the above is the lowest $($best relative investment$)?$

Question $29$ options:

$1$

$2$

$3$

$4$