The Rally In Apple Inc. Looks ExtremeShares of Apple Inc. (NASDAQ:AAPL) certainly have been on a tear since their latest earnings report. Apple is now trading at the richest P/E ratio over the past five years, with a multiple exceeding 19. The previous time AAPL stock even approached such a rich valuation was in November 2014, which coincidentally signaled a major top in the stock price.


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