Question: Identifying Comparables and Valuation Using PB and PE Advanced Auto Parts' book value per share is $51.18 and its forward earnings estimate per share is

Identifying Comparables and Valuation Using PB and PE Advanced Auto Parts' book value per share is $51.18 and its forward earnings estimate per share is $7.90. The following information is also available for Advanced Auto Parts and a peer group of companies from the auto parts sector. b. Assume that you use as comparables the following set of companies: KMX, CRMT, and GNTX. Estimate Advanced Auto Parts' equity intrinsic value per share using the PB ratio from these peer companies. Round answer to two decimal places. c. Use the same comparables as in part b and estimate Advanced Auto Parts' equity intrinsic value per share using the PE ratio from these peer companies. Round answer to two decimal places.
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