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    Gotagitrdun's Avatar
    Gotagitrdun Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 1, 2005, 03:45 PM
    Stumped, any suggestion?
    There is $22,000 in earning available to common stockholder and the stock has a P/E of 18. What would be the steps to find out what the current price of the stock be?
    reinsuranc's Avatar
    reinsuranc Posts: 92, Reputation: 6
    Junior Member
    		  
    #2

    Mar 30, 2005, 12:20 PM
    P/e
    Are you sure you are not leaving something out?

    Price/Earnings = 18

    Price = 18 X Earnings

    Price = 18 X 22000 = 396000.

    These numbers are not the magnitude I would expect, but I have used all the data you supplied.
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