Am I correct in my calculations: Suppose that in July​ 2013, Nike Inc. had EPS of $2.28 and a book value of equity of $13.01 per share. Average 29.84 2.44 Maximum +136​% +70​% Minimum −62​% −63​%...

Am I correct in my calculations:

Suppose that in July​ 2013, Nike Inc. had EPS of $2.28 and a book value of equity of $13.01 per share.

1. Using the average​ P/E multiple from the table​ above, estimate​ Nike's share price.

• 
  Estimate a value of stock using P/E valuation: 29.84 x 2.28 = 68.0352 = $68.04
  

1. What range of share prices do you estimate based on the highest and lowest​ P/E multiples in the table​ above?

• 
  Highest P/E = $68.04 x 136% = $92.53
  


• 
  Lowest P/E = this is a negative % -62 and P/E does not have a negative number; it is invalid. Therefore, range would be $68.04 to $92.53
  

1. Using the average price to book value multiple in the table​ above, estimate​ Nike's share price.

• 
  Estimate a value of stock using P/B book valuation: 2.44 x $13.01 = 31.7444 = $31.74
  

1. What range of share prices do you estimate based on the highest and lowest​ price-to-book value multiples in the table​ above?

• 
  Highest P/B = $31.74 x 70% = $22.22
  


• 
  Lowest P/B = $31.74 x -63% = -19.9962 = -$20.00