After its strongest year in a decade, Apple stock is historically expensive on a price-to-earnings basis

Tim Cook, CEO of Apple Inc.
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Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too.
Apple’s trailing price-to-earnings (P/E) ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over 13, according to FactSet, below its five-year average of roughly 16, before…

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