I would disagree with characterizing GOOG's P/E (27.5) as "low" or "not on par with its financial performance." That's well above the average. The comparisons a

I would disagree with characterizing GOOG's P/E (27.5) as "low" or "not on par with its financial performance." That's well above the average. The comparisons are suspect: Facebook is an outlier, MSFT in the 90s was surely overvalued along with most tech stocks, and Amazon is deliberately pursuing growth at the expense of profitability. Why not compare instead to other mature tech companies today: Microsoft, IBM, HP, Cisco? Or Apple, who has had a P/E under 20 for the last five years, yet whose stock has outperformed GOOG by 3x over the same period?