Apple Inc (AAPL)

[roni]

valuation

Pinza wrote Project today's stock price forward 6 quarters, and you see $20 / $.40 = a P/E of 50.

Then he wrote about Apple's massive cash of $4.5 billion.

Multex shows cash per share of 12.28 (MRQ) per share, up a bit since then. It shows book value of 11.32 per share.

So, how much should price/book or price/cash figure in when valuing Apple? Would plugging either of those into one's mental formulae on an appropriate valuation of Apple yield a different conclusion than it being too richly valued?

Ron