Identifying Comparables and Valuation using PB and PE Hot Topic, Inc.'s book value of equity is $233 million and its forward earnings estimate per share is $0.39, or $16.4 million in total earnings. The following information is also available for Hot Topic and a peer group of companies (identified by ticker symbol) from the specialty retail sector. Market PB EPS 5-Year Forward Historical ROE Debt-to- Equity Ticker Cap($ mil.) Current PE (FY1) Growth Rate (T4Q) (Prior Year) HOTT -- -- (21.2)% 5.9% 0.00 PLCE $595.1 1.1 14.7 11.8% 8.4% 0.00 JOSB 439.5 1.9 9.1 14.4% 22.5% 0.00 ZUMZ 492.5 3.2 18.5 27.4% 19.8% 0.00 GYMB 1,126.3 5.7 13.0 28.5% 33.5% 0.00 MW 1,217.0 1.5 11.8 28.6% 23.5% 0.11 TWB 437.4 2.5 9.2 4.6% 17.3% 1.02 CBK 375.7 1.6 17.4 (11.6)% 11.8% 0.00 FINL 289.2 0.7 16.3 (7.7)% (0.1)% 0.00 SSI 515.0 1.0 11.9 (7.1)% 11.0% 0.20 DBRN 751.6 1.5 11.4 (0.7)% 16.9% 0.28 (c) Use the same comparables as in part (b) and estimate Hot Topic's equity intrinsic value using the PE ratio from these peer companies. (Round average PE ratio to two decimal places for your calculation. Round your answer to the nearest million.) $ 258 x million