Question: You are tasked with doing Relative Valuation for a shoe manufacturer. The comps are on the table below. The firm's Net Income is $16.2 million.

You are tasked with doing Relative Valuation for a shoe manufacturer. The comps are on the table below. The firm's Net Income is $16.2 million. Based on the median P/E across all comps below, which of the answers below is closest to your valuation of the firm's market value of equity?

Name P/E EV/EBITDA Nike, Inc. 33.2 25.4 28.7 19.8 Adidas AG Puma AG 47.4 33.7 Skechers U.S.A 28.0 16.5 Wolverine World Wide 13.8 20.5 30.2 Average Median St.Dev./Avg 23.2 20.5 28.7 0.36 0.26 450 million O 375 million. O 465 million 440 million 560 million 480 million

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