In: Finance
QPM has sales per share of $48.08, earnings per share of $7.58, book value per share of $20.59, and dividends per share of $3.84. You have determined that relevant market multiples for QPM would be a price/sales ratio of 3.6x, a P/E ratio of 22.8x, a price/book ratio of 8.7x, and a dividend yield of 2.22%. You calculate a QPM price per share based on each ratio, and then estimate the value as the simple average of these four prices. What should be the value per share of QPM? (Enter your answer to the nearest $0.01. Leave the $ sign off. In other words, if your answer is $55.55, enter 55.55 for your answer.)