$($Market value analysis$)$ Lei Materials' balance sheet lists total assets of $$1\mathrm{.}17$ billion, $$139$ million in current liabilities, $$435$ million in long$-$term debt, $$596$ million in common equity, and $58$ million shares of common stock. If Lei's current stock price is $$48\mathrm{.}39,$ what is the firm's market$-$to$-$book ratio?

The market$-$to$-$book ratio is

$($Round to two decimal places.$)$