This is what Henslow says:
Change to Forecasts: We have increased our forecast PDP purchasing in FY24 to $96m (prev. $86m). Our diluted EPS is unchanged in FY24 and increases by 4% in FY25.
So, that's EPS of 11.3 cents in FY25 which puts PNC stock on a forward PE ratio of 4 times.
Too low?
Ann: Becoming a substantial holder, page-3
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