Facebook Inc (FB) Home and Android: The Fight for Mobile Advertising Ramps Up

Foolish bottom line

I own all three of these companies, and will continue to buy more shares in them all over time.  Mobile computing is still in its infancy, as is the social Web, and these are three of the key companies in both of these secular shifts. But I just can’t get over how cheap Apple Inc. (NASDAQ:AAPL) has become.  They say a picture is worth a thousand words.  Here’s a chart that could be worth billions:

AAPL Revenue TTM data by YCharts

With an annual growth rate (shown to the right of the PE lines) still in the 20%+ range, Apple shares are trading at a significant discount to Google, which is still rapidly growing.  But I’ve added Microsoft for more context:  There is essentially no reason to expect Microsoft (another company that I own shares of) to grow at a faster rate than Apple, but the market is pricing it that way today.  Even value investors should be snapping up shares at this valuation.  In a couple of years, investors make look back on this as the “most obvious” investment opportunity of 2013.

I’ve made a CAPS call on all three of the companies discussed today to outperform the market for the next five years.  Share your thoughts in the comments below!

Jason Hall owns shares of Apple, Google, and Facebook Inc (NASDAQ:FB). The Motley Fool recommends Apple, Facebook, and Google. The Motley Fool owns shares of Apple, Facebook, and Google.