Apple (AAPL) is currently trading down more than 27% from its 52-week high of $134.54 made nearly a year ago.  Ever since AAPL has fallen on hard times, and even before that, the stock’s relatively low earnings multiple has been cited as a key reason to own the stock.  In today’s Chart of the Day, we have no interest in citing AAPL’s multiple as a bullish (or bearish) factor impacting the stock.  What we do want to do, though, is show where AAPL’s multiple currently stands relative to other stocks in the S&P 500.  We’ll let you make up your own mind as to whether you think its ranking is reason enough to own the stock or not.

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