Down over 40% from the high, trading at $400 / share for a market cap of $175B or so.
28.6B → 6x revenue
Not cheap but not super crazy either. They have shown the ability to raise prices in the past; but are also facing more competition now. I am sort of on the fence… I am also looking at DIS which is also trading a significant discount to recent prices (-25%).
67.3B → 3.7x revenue. In addition, DIS seems capable of earning around $7 / share of profit if things go well (they earned $8.36 in 2018), which would put the PE at $135/7 under 20x