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I am looking for confirmation that I've done the calculation below correctly. If not, can...

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Finance

I am looking for confirmation that I've done the calculation below correctly. If not, can you please explain how it should be done?

Calculate the maximum price you would be willing to pay for this stock using the Price-to-earnings approach.

Company name: Alphabet Inc.

Ticker symbol: GOOGL

Current stock price: $128.25

52-week high stock price: $133.74

52-week low stock price: $83.34

EPS = 4.39

P/E Ratio = 28.97

The Price-to-Earnings (P/E) Approach

Stock Price = EPS * P/E Ratio

Stock Price = 4.39 * 28.97

Stock Price = $128.18

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