The other explanation for Apple's absurdly low P/E (other than everybody hates tech) is there is some kind of mental block about valuations. Apple _already_ is

The other explanation for Apple's absurdly low P/E (other than everybody hates tech) is there is some kind of mental block about valuations. Apple _already_ is the most valuable company in the world. Investors have a hard time believing that it could be twice as valuable as any other company on the market today. So that stops them from buying Apple stock. Of course, there isn't much that prevents Apple from being twice as valuable as Exxon, but people still have a subconscious block from taking that bet.