Its market price per share is $113.28. its price-earnings ratio equals 8.47%
By comparing the stock's current value with its most recent revenue per share, the P/E ratio can be calculated. A higher P/E ratio demonstrates that shareholders view the stock as being one for expansion. It might likewise imply that perhaps the stock is overpriced.
The price-earnings ratio sometimes referred to measures how much a company charges for its shares to how much it earns per share. The measure is employed to evaluate businesses and determine if they are above or underpaid.
The earnings per share of a corporation are $9.60. its book value per share is $113.28 and its annual dividend is $0.50.
P/E = earnings per share/share price
= ($9.60/$113.28 ) * 100
= 8.47%
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