Here are the PE ratios for these companies (source: Google finance): Facebook: around 13 Google: around 21 Apple: around 24 Amazon: around 44.5 AMD: around 34
S&P 500: 21.5 (source: Multpl.com)
These are not overvalued companies for being tech or growth companies. Facebook is not a value stock, it is still a growth stock.
If you want to recall over valuation, then remember back 1998 to 2001 ?
Remember the sock puppet for Pets.com ? Remember garden.com ?
Facebook: around 13
Google: around 21
Apple: around 24
Amazon: around 44.5
AMD: around 34
S&P 500: 21.5 (source: Multpl.com)
These are not overvalued companies for being tech or growth companies. Facebook is not a value stock, it is still a growth stock.
If you want to recall over valuation, then remember back 1998 to 2001 ?
Remember the sock puppet for Pets.com ? Remember garden.com ?