Amazon.com and Macys are retailers. In 2019, Amazon had a price of $1,837.28 and forward earnings per
Question:
Amazon.com and Macy’s are retailers. In 2019, Amazon had a price of $1,837.28 and forward earnings per share of $39.97. Macy’s had a price of $25.49 and forward earnings per share of $2.95. Calculate their forward P/E ratios and explain the difference.
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PLAN We can calculate their PE ratios by dividing each companys pr...View the full answer
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Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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