IFB294: Explaining Multiple Expansion and It’s Impact on Value
The Investing for Beginners Podcast - Your Path to Financial Freedom
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The Constraint of the Multiple for Google
Andrew Keen: People were afraid that Bing was coming for Google search and that Microsoft's investments in AI were going to overshadow anything that Google had done. That really turned people about Google very bearish, very down on the company for a period of time,. And it really drove the company's multiple down. Before that, it was in the high 20s to low 30s. Now even now it's trading around the 20 PE, which means that it's, you could consider it your quote cheap if you wanted to.
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