Standard valuation formula (works for those who buy on future value):
Step 1: Divide the current stock price by the current PEG ratio = STOCK VALUE based on growth.
Step 2: Add CASH per share to STOCK VALUE = STOCK VALUE adjusted for cash.
Step 3: Subtract DEBT per share to STOCK value = STOCK VALUE adjusted for cash.
What is the result of the above 3 steps?
Try the same with AAPL which has 0.00 debt and $128 cash per share.