The Magic Formula and the Value of Apple

Apple was in the cheapest 10% of all large cap companies according to the acquirers multiple last year. Buffett had a complaint about it carrying too much cash and ironhorn had said the same thing that it just was unnecessary for it to be carrying so much cash relative to its market cap and earnings. They eventually did throw buy back the biggest buyback ever and the stock leapt when they did that but the business is so strong that it piled up a whole lot of cash again over the intervening period. The finding the value of something is somewhat of a commodity it's a very easy thing to do you knowYou can do a DCF or like looking at the sustainable return and equity and comparing that