Apple Inc. (Nasdaq: AAPL) last year passed Microsoft Corp. (Nasdaq: MSFT) to become the largest technology company by market capitalization. Overall, it's now second only to Exxon MobilCorp. (NYSE: XOM) in size.
But shockingly, even at $323 billion, Apple still looks cheap.
After all, the company still sports a tiny 13-times forward earnings multiple.