Homepage / Technology / Apple at a record high may be a pretty cheap stock afterall
1win официальный Сай Базовые правила и условия игры в kazino online на настоящие деньги Ana amaç çevrimiçi kumarhane 7slots: önemli avantajlar ve kategoriler Как начать игру в казино онлайн на настоящие деньги 1win Apk: Um Melhor Aplicativo Pra Jogos De Cassino Aqui No Brasil” 1win Apk: Um Melhor Aplicativo Pra Jogos De Cassino Aqui No Brasil” Mostbet Azerbaycan Rəsmi Casino Giriş Və Qeydiyyat Mostbet A Миссди Ххк Cassino Online Operating System Melhores Jogos At The Bônu 1win Mali Site Officiel des Paris Sportifs et Casino Inscription 1xbet Aviator How To Play The Aviartor Game On 1xbet In Nigeri прохода 1win Официальный Сайт Букмекерской Конторы же Казино 1ви Скачать Пин Ап Казино%3A Мобильное Приложение Pin Up Be Laurence Escalantes online casino empire feels heat of US lawsuits 1xbet Paid For Over $836, 000 To A Player From Africa Казино Покердом Играть Онлайн Бесплатно%2C официальный Сайт%2C Скачать Клиен Бесплатные Игры Казино Слоты И Игровые Автомат “казино Pin Up%3A находимся Вместе К вожделенной Мечте Ücretsiz Slot Oyunları Silvergames’te Çevrimiçi Oynayın Mostbet Bookie: Legjobb Szorzók És Élő Fogadási Élmény Online Mostbet Login To Your Online Casino Personal Account In Bangladesh! Top 10 Best Online Gambling Dens In 2024 Tested & Approve Powerful casino tactics in 2024: 7 vital methods for athletes Guide to Online Casinos in Canada “Online Kumarhane Oyna Çevrimiçi Kumarhane Nolimitwa Legalzoom Hisse Geri Alım Programını 75 Milyon Dolar Artırdı Yazar Investing Co Как играть в симуляторы в онлайн-казино Вавада Игровые Автоматы Демо Играть Бесплатно нет Регистраци Glory Casino: Top Online Casino Video Games In Banglades Рейтинг Надежных Онлайн Казино Лучшие Топ Клубы Росси Fortune Tiger Slot Review: Análise E Como Joga 1win Au Bénin: Une Revue Complète De La Plateforme De Paris En Lign Sledování Titulu Casino Suprême: Kde Sledovat What is a Data Room? Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups


Apple at a record high may be a pretty cheap stock afterall

Apple stock, even trading near a record high, looks far cheaper than the overall stock market.

In fact, by one common metric, if Apple were priced just like the S&P 500 index, it would be trading at $187 from its current $156. If it were valued like a tech stock, it would be priced at $204, or an energy company — a whopping $409.

“Compared to the rest of the market, Apple has a very reasonable valuation,” said Paul Hickey, co-founder of Bespoke Investment Group.

That’s because the price-to-earnings ratio for Apple is just 17.7. Simply put, that’s the multiple you get when dividing the stock price by its earnings per share over the last 12 months. The multiple for the S&P 500 as a whole is just above 21.

For the S&P technology sector, the multiple is 23.1, but that includes stocks like Facebook, which has a multiple of 38.5, and Google parent Alphabet, which trades at 34.2 times trailing earnings. The energy sector has a multiple in the high-40s, and consumer discretionary and staples stocks trade at just about 22 times earnings.

Bespoke compared the P/Es of the major S&P sectors to Apple, and Apple trails most of them, except for financials and telecommunications.

Source: Bespoke Investment Group

“When you get a stock that becomes so big, larger companies are harder to grow than smaller companies so the growth potential for a stock like Apple might be a little more limited than other stocks in the tech sector that are smaller,” said Hickey.

Apple stock vaulted higher after earnings Wednesday, briefly touching a new high of $159.75. It was slightly lower Thursday, at $155.82 per share.

Many of the analysts who follow Apple have a price target above $170, with a good number in the $180 range. There are a few above that level, with a high estimate at about $208. The low estimates are around $150 to a low of $140 per share.

Source: Bespoke Investment Group

“After a big surge in Apple, people ask is Apple overvalued? Has it gone too far, too fast? When you make the comparison to other sectors, it’s still more cheaply valued. A different question to ask is are some of the utility stocks or consumer good stocks trading too high?” said Hickey. If Apple were priced like a utility, Hickey said it would be trading at $167 per share and a multiple closer to 19.

Apple is a different animal than other tech stocks because of its phone business. “Especially after earlier this year when someone like [investor Warren] Buffet buys into Apple. It’s almost a tech company with a dash of consumer goods company involved in it,” Hickey said.

Source: Tech CNBC
Apple at a record high may be a pretty cheap stock afterall

Comments are closed.