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Wall Street's 'dean of valuation' says Apple is still cheap at $1 trillion

Wall Street's 'dean of valuation' says Apple is still cheap at $1 trillion

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/01/wall-street-dean-of-valuation-damodaran-says-apple-still-a-value.html

Apple still represents a reasonable investment opportunity even as it's market value charges toward $1 trillion, according to Aswath Damodaran.

"I think it's reasonably valued. ... If you look at the amount of cash they have, and you take that out of the mix, they're actually not trading at that high a multiple of earnings," the professor of finance at New York University's Stern School of Business told CNBC's "Squawk Alley" on Wednesday. "So I think, unlike the other tech stocks, which are trading richly relative to future earnings, Apple is still a reasonably priced stock."