Apple’s P/E Multiple With And Without Cash In The Valuation

  • Posted: 18 March 2011 01:07 AM #31

    Nomura Securities today states that Motorola Mobility is selling at net 9.7x FY’13 earnings est.

    UBS yesterday stated that Apple is selling at net 9.5x FY’12 earnings est.

    Who ya gonna call?

         
  • Posted: 18 March 2011 01:46 AM #32

    capablanca - 18 March 2011 04:07 AM

    Nomura Securities today states that Motorola Mobility is selling at net 9.7x FY’13 earnings est.

    UBS yesterday stated that Apple is selling at net 9.5x FY’12 earnings est.

    Who ya gonna call?

    Mythbusters.  LOL

         
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    Posted: 18 March 2011 03:01 AM #33

    DawnTreader - 01 March 2011 05:25 AM
    ChasMac77 - 01 March 2011 04:57 AM

    Let’s not forget we have companies like Google that had an overseas tax rate of 2.4% (a pittance compared to Apple) through the use of lax rules in Ireland, the Netherlands and Bermuda. Facebook is about to do the same.

    Why isn’t Apple doing likewise???

    Again, I’m not a tax expert but both Google and Facebook are primarily service-based businesses. Apple is a global retailer and maker of hardware devices. I suspect there’s some leeway for services such as Google and Facebook based on the source location of the services provided (for example, where the servers are located, etc.) and the lack of an operational footprint in the regions served allowing more play with the declarations as to where revenue is “earned.”

    Well put Robert

         
  • Posted: 18 March 2011 03:17 AM #34

    US Corp Tax Rates top out at 35%, and this rate is either the highest or second highest in the world.

         
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    Posted: 18 March 2011 03:40 AM #35

    Mercel - 18 March 2011 06:17 AM

    US Corp Tax Rates top out at 35%, and this rate is either the highest or second highest in the world.

    According to a report by the Government Accountability Office (GAO), 2008, two out of three US companies paid no federal income taxes from 1998 through 2005. The report had covered 1.3 million corporations in the US with collective sales of $2.5 trillion.

    Are we comparing Apples to Apple’s when we add in all the US tax loopholes? Exxon, GE, etc paid $0 in 2009. Sorry, I’m a baseball fan and prefer OBP vs. BA. grin