Subject: Re: Price to sales indicating sale!
I generally use a blend of PE and PS when valuing Google; those higher margins aren't nothing!

As a quick reminder, they might generate $380B in revenue (TTM) by the end of the year and $8.80 in EPS (TTM), some favorite metrics of 6x and 23x would suggest a stock price in the $186 to $200 range. Some more bearish multiples (5x , 20x) would suggest $155 - $175.

Certainly the first metrics are more attractive, but even the second set are acceptable. BTW: I don't see either the Revenue or EPS targets at significant risk...

tecmo
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