Apple's Nearly Single Digit P/E Seems Underserved
by Eric Bader
I present you with this question: Does Apple (AAPL) deserve to carry a single digit P/E? At its current price, Apple is trading at 10.09x TTM earnings and about 9x forward earnings. At its TTM multiple, Apple is trading at a 79.1% discount to the market ... yes, a 79.1% discount. So, I repeat does Apple deserve a single digit P/E? In its current state, it certainly looks like the market thinks so (a 1.0% drop in price will amount to a P/E of 9.99x assuming a share price of $445). Do we truly believe that Apple has no growth prospects (see Apple: Zero Growth … Really!)? read more »
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