4min chapter

Investing by the Books cover image

#38 Adam Seessel: Where the Money Is

Investing by the Books

CHAPTER

Is Amazon Earning More Than the Reported Financial Ears?

Amazon's average current price to earnings multiple since its history is a public company has been 100 or 200 times. The measurement system, which is called GAP, generally accepted accounting principles, was created in the 1930s. So it penalizes their profit and loss statement in ways that we can adjust so they look much more reasonably priced than they would seem from a value perspective.

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