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Q: British Stock Conversion ( Answered 5 out of 5 stars,   1 Comment )
Subject: British Stock Conversion
Category: Business and Money > Finance
Asked by: gaamblor-ga
List Price: $10.00
Posted: 20 Sep 2006 11:10 PDT
Expires: 20 Oct 2006 11:10 PDT
Question ID: 767012
If a company earns $1US per year and trades for 300pence on the London
Stock Exchange what the Price to Earnings ratio for that stock?
Subject: Re: British Stock Conversion
Answered By: denco-ga on 20 Sep 2006 13:02 PDT
Rated:5 out of 5 stars
Howdy gaamblor-ga,

There are 100 pence (pennies) per Great Britain Pound (GBP), so 300 pence
is the same as 3 GBP.

As 1 USD is currently (as of 9/20/06) worth 0.529269 GBP, then the Price
to Earnings ration or P/E of the stock is 3 divided by .529269 or around

Of course, we can do it with the exchange in US Dollars as well.

3 GBP is around 5.67 USD, which makes the P/E = 5.67/1.00 or 5.67.

If you need any clarification, please feel free to ask.

Search stategy:  Personal experience.

Currency calculator at the website.

Looking Forward, denco-ga - Google Answers Researcher
gaamblor-ga rated this answer:5 out of 5 stars

Subject: Re: British Stock Conversion
From: denco-ga on 22 Sep 2006 16:39 PDT
Much thanks for the 5 star rating, gaamblor-ga.

Looking Forward, denco-ga - Google Answers Researcher

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