The P/E ratio, therefore, represents how much an investor needs to pay for every dollar of earnings the company has achieved in the previous financial period.

The table below provides information on the shares of Singapores three leading banks for 2018.

Bank	Share Price S$	Price to Earnings Ratio (P/E)
DBS	25.08	11.67
OCBC	11.10	10.47
UOB	25.00	10.73

Required:

From the above information, which banks share represents good value? Explain.

1 mark

What other factors should an investor consider when making the decision on which bank share to purchase in 2019?