Re:Alphabet Becomes the Most Valuable Public Company in the ...
by simonh on Tuesday February 02, 2016 @08:11AM
(#11019201)
Which shows you how much the market knows. Apple's PE ratio was 11 back in 2009.
In fact the first years of the iPhone corresponded with a precipitous plunge in their PE ratio as their revenues rose rapidly, but their share price was dragged kicking and screaming along behind them.
AAPL's P/E ratio as I write this is 10.26. I would strongly make the argument that Apple is thus NOT priced as a growth company.