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p/e ratio

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › p/e ratio

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • March 4, 2016 at 2:21 pm #303430
    honoria
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Rite plc has issued share capital of $145000 comprising of 90000 equity shares of 50cents each and $100 000 10% redemeble preference shares. for the year ended 30 November 2015 profit before tax was $14 400 and profit after tax was $10 800on 30 November
    2015, rite plc’s mid-market share equity share price was 84cents

    what was the P/E ratio at thatdate

    April 5, 2016 at 2:44 pm #309069
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    PE ratio is mid market price divided by earnings per share

    Mid market price is 84 cents

    Earnings per share is 12 cents

    So PE ratio is …..?

    Why not post questions like this on the Ask ACCA Tutor forum and then I will get back to you, probably within 24 hours!

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