After its strongest year in a decade, Apple stock is historically expensive on a price-to-earnings basis

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    After its strongest year in a decade, Apple stock is historically expensive on a price-to-earnings basis

    Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too.
    Apple’s trailing price-to-earnings, or P/E, ratio steadily climbed this year alongside its stock price. Apple began the year with a trail…
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