The average of both Google and Apple = (0.033 + 0.045)/2 = 0.039 Assuming a profit of 500M over a revenue of 2B , the valuation should be = 0.5/0.039 = 12.82B

The average of both Google and Apple = (0.033 + 0.045)/2 = 0.039 Assuming a profit of 500M over a revenue of 2B , the valuation should be = 0.5/0.039 = 12.82B The valuation of Facebook is 3.9x over this, which does not look so bad !