JBZ, it obviously is incorrect but why is the question?  But it gets worse.  The EPS is what NET EARNINGS are on a PER SHARE basis.  Don't forget that has to be multiplied by a PE (price earnings ratio) which the run of the mill common number maybe 10.  So after multiplying that times the EPS, that would be $3,000 Per Share which would be our share price.  lol.  I'll take that. 

Here's a sample personal formula I've used for years in figuring out a fair valuation share price.

Revenues x .50 EBIT (earnings before interest/taxes) x .60 (40% tax) divided by number of outstanding shares = EPS (earnings per share) x PE (price earnings ratio) = fair share price.