Tech Stock Revenue Growth: Apple’s Doesn’t Cost Much, Nor Does Google’s

Looking at tech stocks with market caps of $50 billion or more, on the prowl for some revenue growth, one is stuck perusing the YCharts Stock Screener how cheap Apple (AAPL) remains despite sales growth of 73%. Especially when compared to other big tech companies.

Apple PE Ratio Chart

Apple PE Ratio Chart by YCharts

Note that Qualcomm (QCOM), with revenue growth of about 40%, is a lot pricier. Amazon (AMZN), with revenue growth of about 35% is ridiculously pricey because its profits have plunged as it hands out free shipping to boost sales. Google (GOOG), with 25% revenue growth, might seem cheap if it wasn’t being compared to Apple. And Intel (INTC), revenue growth of 21%, is downright cheap, growing at less than one third the rate of Apple.

Apple PE Ratio Chart

Apple PE Ratio Chart by YCharts

Among the slower-growing tech behemoths, valuations are lower but revenue growth is a lot lower. Cisco (CSCO), basically the same PE as Apple, has about 11% revenue growth. International Business Machines (IBM), also about the same PE as Apple, has 2% revenue growth. Microsoft (MSFT) is cheap with a PE of about 12, but its revenue growth is only about 5%. And Oracle (ORCL) is less cheap at a PE of about 16, and its revenue growth is less than 3%.

Priced into Apple is enormous skepticism that it can continue its growth, which is reasonable given its enormous size.

From the editors of YCharts Pro Investor Service which includes professional stock charts, stock ratings, stock screener and portfolio strategies.

Read more articles about: Company Analysis  

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