Zolt Inc. (ZOLT)stock is selling for $8.22 per share with an EPS of .45 cents per share. What is Zolt's PE ratio? (Round to nearest tenth.)

Name: Zolt Inc. (ZOLT)stock is selling for $8.22 per share with an EPS of .45 cents per share. What is Zolt's PE ratio? (Round to nearest tenth.)
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

The PE ratio is calculated by dividing the current market price per share by the earnings per share (EPS). So, for Zolt Inc., the PE ratio is $8.22 / $0.45 = 18.266, which rounds to 18.3.

Zolt Inc (ZOLT)stock Is Selling for $8