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

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

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

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Bradford Cornell is an emeritus Professor of Financial Economics at the Anderson School of Management at UCLA. Prof. Cornell has taught courses on Applied Corporate Finance, Investment Banking, and Corporate Valuation. He is currently developing a new course on Climate Change, Energy and Finance. Professor Cornell has published more than 125 articles and four books on a wide variety of topics in applied finance. Professor Cornell is also a managing director at BRG where he heads the practice on Climate Change, Energy and Finance. In addition, he is a senior advisor to the Cornell Capital Group and to Rayliant Global Advisors. In both capacities, he provides advice on fundamental investment valuation.
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