The price-earnings ratio of a stock is given by R(P,E) =

Last updated: 7/22/2022

The price-earnings ratio of a stock is given by R(P,E) = P/E where P is the price of the stock and E is the earnings per share. Recently, the price per share of a certain company was $33.59 and the earnings per share were $1.07. Find the price-earnings ratio.