This Is the Cheapest "Magnificent Seven" Stock, According to Peter Lynch's Favorite Valuation Metric
There's been a lot of talk about the "Magnificent Seven" stocks recently. These large, competitively advantaged tech platforms have vastly outperformed the market over the past decade, and they also seem like great bets to benefit from the artificial intelligence revolution, too.
But their strong recent run has led many to believe these stocks are either overpriced or fairly priced relative to the rest of the market. On the other hand, many have been saying that for years, only to see these tech giants surpass earnings expectations.
How to balance their relatively high market valuations with their above-average growth prospects? One valuation metric touted by one of the most famous mutual fund managers of all time may hold the secret.
Source Fool.com
