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AAPL can generally be bought for under a 14 PE these days. An equivalent FB price would be $4.37. FB profit growth over the next decade may be much bigger th
by nirvana 14y ago
AAPL can generally be bought for under a 14 PE these days. An equivalent FB price would be $4.37. FB profit growth over the next decade may be much bigger than Apple's, but I have a lot more uncertainty about what it will be, so its hard to estimate a fair PE. Meanwhile there are Apple shares on sale every day that give me a rock bottom PE for a company with very persistent and fast growing profits.
PE isn't everthing but I wish the press would talk more in terms of comparable valuations than the stock dollar price which doesn't really tell you much.