Based on the below table of data for comparable companies, calculate an estimate of Haytech's P/E ratio. Please round answer to one decimal place, i.e. 12.3.
Company Stock Price EPS
Graintech $10 $1.23
Corntech $20 $1.84
Barleytech $30 $2.96
Soybeantech $40 $4.04
Wheattech $50 $5.22
What is the actual "forward" P/E ratio for Haytech, based on the assumptions made at the beginning of the problem? Please round answer to one decimal place, i.e. 12.3 ("forward" means utilizing the next forecasted earnings, as opposed to using the most recent earnings).
Based on your answers to the previous two questions, is Haytech's stock price currently: Cheap or Expensive