Hobart Ltd. has the number of shares of ordinary shares outstanding 513,000,000 , and the current price

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Hobart Ltd. has the number of shares of ordinary shares outstanding 513,000,000 , and the current price per share is 56. If the company's profit is $ 890,000,000.00.

Calculate the PE ratio and would you consider investing in this share based on the PE ratio?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Apr 27, 2023 07:05 AM

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Hobart Ltd. has the number of shares of ordinary shares outstanding 513,000,000 , and the current price

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The PE ratio also known as the pricetoearnings ratio is a valuation ratio that compares the current ... View the full answer

Foundations of Financial Management

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