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25 November, 15:00

Today the common stock of Gresham Technology closed at $24.6024.60 per share, down $0.350.35 from yesterday. If the company has 4.64.6 million shares outstanding and annual earnings of $11.211.2 million, what is its P/E ratio today? What was its P/E ratio yesterday?

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  1. 25 November, 18:07
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    10.10 is its P/E ratio today

    10.25 was its P/E ratio yesterday

    Solution:

    The ratio of a firm's share price to its earnings per share is the measure of the profit-earnings, also known as the P / E ratio, P / E or PER.

    Yesterdays price: 24.60 + 0.35 = $24.95

    Earnings per share: 11.2m/4.6m = $2.435

    Today's, P/E: 24.60/2.435 = 10.10

    Yesterday's, P/E: 24.95/2.435 = 10.25

    So, 10.10 is its P/E ratio today, 10.25 was its P/E ratio yesterday.
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Home » Business » Today the common stock of Gresham Technology closed at $24.6024.60 per share, down $0.350.35 from yesterday. If the company has 4.64.6 million shares outstanding and annual earnings of $11.211.
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