Its still 48 times sales so much of the value based in the current price is in the future. With yields rising the risk free rate goes up so anyone doing a DCF will need to up their discount rate. This increase in the discount rate is much more sensitive with values projected further into the future, & lets face it at 48 times sales APT has much value tied up in the future regardless of how quick it can grow.
APT Price at posting:
$84.50 Sentiment: None Disclosure: Not Held
