Economics

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.

https://docs.google.com/spreadsheets/d/12cI71ApcH9kmiABJbLP_PC_pvkRPLThD5GeE8mLbw6g/edit#gid=0

Apple Cash Adjusted PE – Sheet1

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