Analyzing P/E Ratios of ABC Corp. and XYZ Inc.

ABC Corp. is a technology company that has reported strong earnings growth over the last few years. An analyst is reviewing the company for potential investment and considers using price multiples as a valuation technique. The analyst notes that ABC Corp. has a current share price of $50 and earnings per share (EPS) of $5. The analyst is comparing ABC Corp.'s valuation with another technology company, XYZ Inc., which has a current share price of $100 and EPS of $10.

Based on these observations, the analyst is trying to determine the Price-to-Earnings (P/E) ratio for both companies. What can be concluded about the relative valuation of ABC Corp. compared to XYZ Inc. using their P/E ratios?