GOOG PE of 24. It has been higher 83% of the time.
In my opinion it is the best business in the world.
9 Likes
Don’t forget there’s been a massive earnings jump 2021 well above trend, maybe look at 3 years earnings.
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Looking at GOOGLE too. Love to hear what others think at CURRENT PRICE
I have posted some thoughts after Q3 on the GOOG board
https://discussion.fool.com/2021-q3-earnings-34968828.aspx
In general I tend to look at revenue instead of profits, as they can turn the profit dial up and down almost at will. Based on some historical trends anything under $2500 could be considered a good entry point for those that are confident in their business model (as I am). Of course the market can do anything in the short term, but I am confident that a buy at $2500 would look good several years from now.
tecmo
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5 Likes
tecmo,
I had the same impression after the terrific quarter. Love the reasonable multiple, enormous cash position, 50B in buybacks last year, ROE 40% and seem so well positioned for the next decade+. Added recently around $2700. Long time accumulator over the years since initial $200/share purchase in 2005.
1 Like
I like Google’s business model, but there are changes in the online ad space (Apple restrictions and tracking cookie changes), and so it might be good to wait until after earnings are announced on Tuesday.
Google is on this Morningstar list:
11 Undervalued Mega-Cap Stocks to Consider, January 27, 2022
Market Cap > $200B, 4 stars, undervalued, US stock.
MSFT, GOOGL, AMZN, FB, DIS, ADBE, CMCSA, VZ, CRM, INTC, WFC
https://www.morningstar.com/articles/1076125/11-undervalued-…
Including foreign stocks adds these to the list: BABA, ASML, RHHBY, TSM, TCEHY
Earnings Date Ticker
1/13/2022 TSM
1/14/2022 WFC
1/19/2022 ASML
1/25/2022 MSFT
1/25/2022 VZ
1/26/2022 INTC
1/27/2022 CMCSA
2/1/2022 BABA
**2/1/2022 GOOGL**
2/2/2022 FB
2/3/2022 AMZN
2/3/2022 RHHBY
2/9/2022 DIS
2/24/2022 CRM
3/22/2022 ADBE
3/23/2022 TCEHY
2/25/2022 BRK.B
2 Likes