Price-Earnings Ratio Comparison

XYZ Corporation is a publicly traded company that has shown consistent revenue growth over the past few years. Analysts are evaluating its stock using price multiples. In particular, they want to analyze the price-to-earnings (P/E) ratio, which is defined as the current share price divided by its earnings per share (EPS).

Suppose XYZ's current share price is $50, and its expected earnings per share for the next year is $5. The industry average P/E ratio for similar companies is 15. What is XYZ Corporation's P/E ratio, and how does it compare to the industry average?