Quarterly Earnings Multiples: The new normal?

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    Posted: 01 September 2010 04:41 PM

    Based on the new iOS units numbers released I revised at the numbers for next quarter and it?s very probable that EPS will be over $5.25.

    As recently as 2007 Apple was priced 50x one year?s earnings.

    Now it?s priced 47x one quarter?s earnings. Excluding cash it’s 38xQEPS.

    Should we consider applying old yearly earnings multiples to quarterly earnings as the new valuation normal? The EPS will be more volatile q/q but could still be an interesting new perspective.

    (reposted from my blog: http://www.asymco.com/2010/09/01/quarterly-earnings-multiples-the-new-normal/)


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