Apple Adjusted PE Is Low – Only Other Major Company Which Comes Close Is Citigroup

One useful tool to track for Apple is the cash adjusted P/E.  The Google sheet below downloads the necessary material and performs the calculation.  Currently, the tool shows that the cash adjusted P/E is less than six.  The only major American company that comes close to this level is Citi – a bank still trying to recover from the past financial crisis and fear of the next.  Now as I have noted in this blog, Apple does face some headwinds, but a cash adjusted P/E of less than six is indicative of a hurricane.  This makes the number worth following.

Apple Cash Adjusted PE – Sheet1