[erikpukinskis]

Apple is a bad comparison because the near-death-experience in the 90s combined with its contrarian attitude has put it in on a very short leash with Wall Street. I mean, aside from its years in the desert Apple has performed as well and as consistently as any tech company over long stretches. And yet it's P/E is consistently a third of Google's or Sony's.

And it literally won the war. They take the lions share of profits in the personal computer market and they have a huge moat. You could argue they will be in trouble when personal computing devices stop changing so quickly and are fully commodified, but I can't imagine that's within the next two decades. Honestly I find it weird their P/E isn't higher.