问题如下:
Jacques is preparing the valuation for PZ Inc., a manufacturer and distributor of red wine and recently acquired a major bottling company in order to offer a broader product line. The acquisition will have a significant impact on PZ’s future results. Given that PZ estimated EPS and Current share price are $2 and $40 respectively. The most appropriate price-to-earnings ratio to use in the valuation of PZ is closest to?
选项:
A. 15.
B. 10.
C. 20.
解释:
C is correct.
考点:PE
解析:C是正确的。由于PZ近期刚完成了对装瓶公司的重大收购,所以远期市盈率也被称为领先市盈率更加适合用于PZ的估值,因为预期收益中应该包括收购后装瓶公司的业绩。远期P/E的计算方法为当前价格除以每股预期收益,即每股40美元/ 2美元= 20。
老师,这题目真的可以这样做吗?他要收购,size会有影响理论上不应该用E/B来算的那种吗?是就因为有俩数字吧……不然这个P/E应该不能用才对吧