[quote=SK in CV]
AAPL hasn’t been a growth play for a very long time. I can’t find any older data real quickly, but it hasn’t had a P/E of over 25 for at least 5 years. FB, based on most recent quarter earnings is at about 50, it was in the thousands not too long ago. Amazon is still over a thousand.[/quote]
P/E has nothing to do with growth rates. Stocks with high growth tend to support higher P/Es but growth is about total revenue YoY and total earnings YoY. Even earnings/share isn’t as good of a measure because of all the stock buybacks we’ve seen. For example AAPL earnings/share went up YoY but their total earnings went down YoY.
