What Does a P/E Ratio of 10 Indicate

What does a P/E ratio of 10 indicate?

A) It would take 10 years for an investor to recover his or her initial investment.
B) The firm will pay a dividend of $10 per share.
C) The value of the stock will be 10 times the initial investment at the time of maturity.
D) A stock's value will increase by 10 percent every year.
E) An investor would receive 10 percent of the total earnings of the firm, at the time of liquidation.