Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) The intuition behind the use of the price-earnings ratio is that when you buy a share, you are in a sense buying the rights to the firm's future earnings, and differences in the scale of firms'
Earnings are likely to persist.
B) You should be willing to pay proportionally more for a share with lower current earnings.
C) A firm's price-earnings ratio is equal to the share price divided by its earnings per share.
D) The most common valuation multiple is the price-earnings ratio.