Am I correct in my calculations:Suppose that in July 2013, Nike Inc. had EPS of $2.28 and a book value of equity of $13.01 per share. Average29.84 2.44Maximum+136% +70%Minimum−62% −63%Using the average P/E multiple from the table above, estimate Nike's share price.Estimate a value of stock using P/E valuation: 29.84 x 2.28 = 68.0352 = $68.04What range of share prices do you estimate based on the highest and lowest P/E multiples in the table above?Highest P/E = $68.04 x 136% = $92.53Lowest P/E = this is a negative % -62 and P/E does not have a negative number; it is invalid. Therefore, range would be $68.04 to $92.53Using the average price to book value multiple in the table above, estimate Nike's share price.Estimate a value of stock using P/B book valuation: 2.44 x $13.01 = 31.7444 = $31.74What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in the table above?Highest P/B = $31.74 x 70% = $22.22Lowest P/B = $31.74 x -63% = -19.9962 = -$20.00

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Am I correct in my calculations:

Suppose that in July 2013, Nike Inc. had EPS of $2.28 and a book value of equity of $13.01 per share.


Average	29.84	2.44
Maximum	+136%	+70%
Minimum	−62%	−63%

Using the average P/E multiple from the table above, estimate Nike's share price.

Estimate a value of stock using P/E valuation: 29.84 x 2.28 = 68.0352 = $68.04

What range of share prices do you estimate based on the highest and lowest P/E multiples in the table above?

Highest P/E = $68.04 x 136% = $92.53
Lowest P/E = this is a negative % -62 and P/E does not have a negative number; it is invalid. Therefore, range would be $68.04 to $92.53

Using the average price to book value multiple in the table above, estimate Nike's share price.

Estimate a value of stock using P/B book valuation: 2.44 x $13.01 = 31.7444 = $31.74

What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in the table above?

Highest P/B = $31.74 x 70% = $22.22
Lowest P/B = $31.74 x -63% = -19.9962 = -$20.00

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