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15 July, 05:59

Sylia Corporation's EPS ratio is 2.1 and its earnings were $3 million last year. The market price of its stock is $35. What is the company's P/E ratio?

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  1. 15 July, 09:21
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    To calculate the price to earnings ratio:

    P/E ratio = market price per share/earnings per share

    Market price per share = $35

    Earnings per share ratio = 2.1

    P/E ratio = $35/2.1

    P/E ratio = 16.67
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