-the most important difference in my view about your number $ 1 B and $ 2.5 book value is, that the book value has nothing to do with the shareprice representing only the inner value of a company, but not the price of a company, that an investor has to pay on the capital market, to buy this company! From this view a company with an inner book value of $ 2.50 can trade at $ 100, if the company has the potential and the needed revenues and income!

In general, a high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. However, the P/E ratio doesn't tell us the whole story by itself. It's usually more useful to compare the P/E ratios of one company to other companies in the same industry, to the market in general or against the company's own historical P/E. It would not be useful for investors using the P/E ratio as a basis for their investment to compare the P/E of a technology company (high P/E) to a utility company (low P/E) as each industry has much different growth prospects.

Given the posited $2.50 per share income for the first 12 months, what higher earnings growth are you expecting in subsequent years(excluding acquisitions), and what P/E would you give it?

Be well