The Forward P/E Ratio on AAPL has doubled year-over-year. 12x to about 24x. It’s not to say the world’s largest company is incredibly expensive vs. the overall market: AAPL’s Forward P/E is almost identical to that of the S&P 500. But when looking at AAPL vs. itself, it does appear to be very expensive. Other AAPL metrics that are significantly higher year-over-year: price/book, price/sales, price/free cash flow, EV/sales, EV/EBITDA.
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