A Multiple Is Explained

The city of Ledgerville! Apple crossed $5 trillion on Tuesday. Mayor Pennywhistle: is that a lot?! Baron Von Bottomline: Apple's price-to-sales multiple expanded to eleven turns, historically unprecedented! Dash translates: its shares cost 11 times a year of sales. Pop: the whole market? 3.5! Zap: Apple's highest ever, one investor says. And so, once again, a multiple is explained.

Apple's market value crossed $5 trillion on Tuesday as it unveiled smart-home hardware, and by one investor's count its shares now trade at nearly 11 times a year of sales, which he calls the highest in the company's history, against about 3.5 times for the S&P 500 as a whole.

Starring

🎙️The AnnouncerMayor PennywhistleBaron Von BottomlineDashPopZap