If we are doing discounted cash flow analysis, apple made about 70 billion in free cash flow. From the balance sheet balance sheet they have about 100 billion in tangible assets. So if we take 1900/x=70 years which would imply a rate of 4% which is reasonable. However how many companies have been on top for 30 years?

The whole market seems insanely overvalued during a pandemic. The entire stock market cap is 1.6x gdp. which is greater than the .com crash. This is one of the things buffet talks about.

https://www.advisorperspectives.com/dshort/updates/2020/08/0...