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Foundations Of Financial Management
Found in: Page 52
Foundations Of Financial Management

Foundations Of Financial Management

Book edition 16th
Author(s) Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Pages 768 pages
ISBN 9781259277160

Short Answer

Vriend Software Inc.’s book value per share is $15.20. If earnings per share is$1.88 and the firm’s stock trades in the stock market at 3.5 times book value pershare, what will the P/E ratio be? (Round to the nearest whole number.)

The P/E ratio of Vriend Software Inc. is 28.

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Step by Step Solution

Calculation of market price per share (MPS) of the company

 Calculation of the P/E ratio of the company

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