“The investors who follow the ups and downs of Apple’s (AAPL) share price on The Mac Observer’s Apple Finance Board often look with a mixture of envy and dismay at the price-to-earnings ratios of Amazon (81) and Netflix (76),” Philip Elmer-DeWitt reports for Fortune.
“Apple, by comparison, seems downright cheap with a trailing P/E of 15.57,” P.E.D. reports. “Yet Amazon (AMZN) and Netflix (NFLX) are trading very close to their respective price targets as reported by Thomson Reuters. Apple by contrast, is nowhere near its consensus target of $450.”
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