After a rough start to the year, Apple's stock has bounced back, even breaking $400 a share before pulling back.
While the stock has been on a tear, it's still arguably very cheap when measure on a trailing price to earnings ratio. Apple's PE is 15.3 right now, which is less than Google at 21.7, Amazon at 92.6, and Netflix at 66, to name three hot tech stocks. (It's better than Microsoft, which is at 10.)
For some context, in the most recent quarter Amazon had 51% revenue growth on a year over year basis. Google had 32% revenue growth, and Netflix had 48% revenue growth. (Microsoft revenue was up 8%.)
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