The ever prescient Philip Elmer-DeWitt explains the 21st century leaders. In stock value.
Apple is still the most valuable by market capitalization, but on Tuesday Amazon overtook Google (Alphabet) to become No. 2. 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.