AMAZON P/E High is Good. High equals growth stocks, not value
From an article I read. The ten best performing stocks in the nasdaq 100 right now, with gains over the past 12 months ranging from 83% to 398%, have an average forward P/E ratio of 68 times this year’s estimated earnings. “If you just use P/E as a measure you’re missing out on some of the greatest winners throughout history,” “If you're a value investor you can use it. But for myself and people who are looking for growth stocks that can move over the long run, P/E is not useful.” 2003, when Apple was trading at less than $10 a share. If you balked at paying 72x earnings, then you missed a ride that took shares of the iPhone-maker from $7 to $700.
This does not last forever. At some point, there will be a reality check. It's usually when revenue growth slows.
By the way, in our entire human history, there are only 5 companies that made ~$40+ billion per year: Apple, Samsung Electronics, Exxon Mobile (and a russian oil company and a chinese bank). Good luck for Amazon.
No offense to you or anyone else, but I sincerely think that comparing any ABC company to apple is compete ludicrous. Go to any board and all the companies are compared to appl. APPL amazes EVERYONE and to think that AMZN can do what they did is absurd. Look at how poorly AMZN have done in the last 10 years EXCEPT their revenues.