Implied Stock Price Calculation Using P/E Ratios

Consider a hypothetical company, Tech Innovators Inc., which specializes in developing cutting-edge software solutions. The company’s projected earnings per share (EPS) for the next year is $2.50. In its sector, companies are typically valued at an average price to earnings (P/E) ratio of 25.

Using the P/E ratio valuation technique, what would be the implied stock price of Tech Innovators Inc. assuming it trades at the sector average P/E ratio?