Is Biomarin a candidate for takeover? The attractiveness of a company as an acquisition candidate depends on various factors beyond just its financial metrics. To provide a rough estimate, let's assume a P/E ratio of 65 and a market capitalization is ﹩17 billion. To calculate the annual net profit that would make the company attractive, we can use the formula: Market Capitalization = P/E Ratio * Net Profit Rearranging the formula, we get: Net Profit = Market Capitalization / P/E Ratio Using the given values: Net Profit = ﹩17 billion / 65 Net Profit ≈ ﹩261.54 million To make the company an attractive candidate for takeover with a market capitalization of ﹩17 billion, a P/E ratio of 65, and sales of ﹩2 billion per year, it would need to generate an annual net profit of approximately ﹩261.54 million. How could it get there in 2024? Expect layoffs.