The new world order: Apple, Amazon, Google

Of the three most valuable public companies, one is not valued like the others.

Apple is still the most valuable by market capitalization, but on Tuesday Amazon overtook Google (Alphabet) to become No. 2.

market caps amazon

Of the three stocks, Amazon’s is the most highly valued, by far. Because Jeff Bezos tends to pour Amazon’s earnings into growth, its shares are four times more expensive (by trailing price to earnings) than Google and 14 times more than Apple.

market caps amazon pe ratio

Make no mistake, money is pouring into Amazon. Its quarterly revenue pulled ahead Google’s several years ago, although it still trails Apple.

Market caps amazon

Where Amazon stands out — and where it overtook Apple just last year — is the rate at which its revenue is growing.

My take: I shop at Amazon, and Wall Street clearly loves the Amazon story. One caution: Some of my friends here in Western Mass. have started to avoid online shopping in favor of local retailers. They compare Amazon to Walmart, and not in a nice way.

8 Comments

  1. John Kirk said:

    “One caution: Some of my friends here in Western Mass. have started to avoid online shopping in favor of local retailers.”

    There’s always a segment of the population that reacts this way. The “old ways” were better and the new ways will destroy us all, yadda, yadda, yadda.

    The thing is, these people are already quaint. We may or may not like Amazon, but pretending that we’re not moving to online shopping is like pretending that we should all stop using emails and texts and go back to writing letters. It ain’t happening.

    1
    March 21, 2018
    • John Konopka said:

      I shop online, I just neve shop at Amazon. You get better prices elsewhere and less chance of getting counterfeit goods. eBay is fine for odds and ends, monoprice is best for cables and such, ill go directly to individual store sites for other things.

      1
      March 21, 2018

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