EV/EBITDA is an interesting metric to use here. This multiple is a comprehensive figure used by most professionals, in addition to PE ratios. Enterprise value takes out cash, so AAPL’s valuation is organically displayed without its massive cash hoard. This does not mean however that one should go out and load the boat on AAPL, for technicals and traders control the tape in the short run. Fundamentals do, however, prevail in the long run. The longer time period is what most investors are playing for in AAPL. The firm is expected to announce a series of product refreshes later this year, around Q3.
