Five Undervalued Stocks Billionaire Investors Like

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#1 Apple Inc. (NASDAQ:AAPL)

– Number of Billionaire holders (as of September 30): 18
– Total Value of Holdings (as of September 30): $10.35 billion

A total of 18 billionaire investors from our database are fond of Apple Inc. (NASDAQ:AAPL), as the company Steve Jobs founded remains one of the cheapest large tech companies on the market today. Although it currently trades for 9.8 times forward earnings estimates, Apple is actually cheaper than that because the tech giant has around $200 billion of cash and investments on its balance sheet. When factoring 60% of that cash out (because of the tax hit to repatriate international earnings), Apple trades at a forward P/E of 7.8. As a bonus, Apple shares pay a 1.96% dividend yield, almost as much as the ten-year Treasury yield.

Disclosure: none


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