Apple might have dropped from #38 to #88 this year on Fortune’s list of the 100 Fastest-Growing Companies published today, but it’s also making the list for its 8th consecutive year. That means Apple has now been on the list more than any other company and also has the longest streak of consecutive appearances.
There aren’t a lot of other high profile tech companies that made the list, but a couple notables include Baidu at #46 and Tivo at #73.
Fortune’s list ranks companies (with a market cap of $250 million or more) based on revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2014.
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There are some things that are disturbingly out of place with Apple’s valuation. From what I’ve heard is Apple is being valued for zero growth by Wall Street, so how could the company be one of the fastest growing companies? Does that even make any sort of sense? Growth rates in the 20% range is no small amount yet look at Apple’s P/E. Does anyone have a clue as to what Google or Microsoft’s growth rates are so I can make some sort of comparison and get some sort of a handle as to why Apple is being valued as low as it is? However, I do see that Tivo has a relatively low P/E so maybe that’s not the answer I’m looking for. Still, beating the S&P 3 yr. annual growth rate and making the list for eight years in a row should certainly give it a better P/E than some actual zero growth rate company. Supposedly Apple stays undervalued in some people’s eyes and I’d simply like to know why.