$884B market cap. $150B in free cash (which you can effectively take off the top of the market cap).
So an adjusted market cap of $734B.
A net income after tax (yes, they still pay tax) of $48B.
So an adjusted P/E of 15.3x.
Some other P/Es of popular tech companies:
Facebook: 33.14x Google: 35.03x Salesforce: 12,992x Amazon: 293.84 Intuit: 41.36 Twitter: Can't have a P/E if you don't make money.
$884B market cap. $150B in free cash (which you can effectively take off the top of the market cap).
So an adjusted market cap of $734B.
A net income after tax (yes, they still pay tax) of $48B.
So an adjusted P/E of 15.3x.
Some other P/Es of popular tech companies:
Facebook: 33.14x Google: 35.03x Salesforce: 12,992x Amazon: 293.84 Intuit: 41.36 Twitter: Can't have a P/E if you don't make money.