AviBank Plastics generated an EPS of ?$2.59 over the last 12 months. The? company's earnings are expected to grow by 29.9 ?% next? year, and because there will be no significant change in the number of shares? outstanding, EPS should grow at about the same rate. You feel the stock should trade at a? P/E of around 31 times earnings. Us the? P/E approach to set a value on this stock.
Using the? P/E approach, the value on this stock is ?$