[kiki888]

My calculation of the MOS for Apple is the same as GRocks'. My numbers are from MSN. EPS -2.76. Analysts' projected five year earnings growth rate is 19.5. As this is less than the historical equity growth rate (which is somewhere between 27-38), 19.5 becomes the Rule #1 growth rate. As the average historical P/E is in the 50s, I used double the Rule #1 growth rate to come up with a future P/E of 39. Running this through my calculator gives me a MOS of 79.