Today, Apple's (AAPL) price to earnings ratio (P/E) is at 12.45.
It may be a discount from P/E 16 or it may head down further to P/E 8.
AAPL heading to a P/E of 8 worries me a bit because my last 2 stock purchases of Venkys and Hero Motocorp were at P/E 18 to 16.
Warren Buffet bought Duracell from Procter and Gamble for less than P/E 8 and P/E 8 may be the new price for entering undervalued companies.
It may be a discount from P/E 16 or it may head down further to P/E 8.
AAPL heading to a P/E of 8 worries me a bit because my last 2 stock purchases of Venkys and Hero Motocorp were at P/E 18 to 16.
Warren Buffet bought Duracell from Procter and Gamble for less than P/E 8 and P/E 8 may be the new price for entering undervalued companies.
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