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.
You can access today’s Chart of the Day by starting a 14-day no-obligation free trial to our paid research platform.