Apple as Most Valuable U.S. Company Ever Has Room to Grow
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Apple Inc., already the most valuable U.S. company in history, has room to grow further as its stock trades at a discount to the Nasdaq Composite Index and the company prepares an upgrade to its best-selling iPhone.
Investors value Apple at 15.4 times trailing 12-month earnings, while the average company in the 2,495-member Nasdaq trades at 16.5 times, according to data compiled by Bloomberg. The company rose to a record $665.15 on Aug. 20, giving it a market value of $623.5 billion, the highest-ever for a U.S.- based company.