“Apple still trades like a steel mill going out of business.” A P/E of 17 is appropriate for a healthy business. From multpl.com 's historical record, ~1870-p

“Apple still trades like a steel mill going out of business.” A P/E of 17 is appropriate for a healthy business. From multpl.com 's historical record, ~1870-present: S&P 500 PE Ratio Mean: 15.71 Median: 14.71 Back when AAPL was trading at a P/E of just above 10, I almost bought some, but hesitated because of its risk of exposure to the Chinese government's whims. I still have that concern. It is incredible to see such a price swing with a market cap this large. 7/17ths of $1T is $412B!.