P/E Ratio - Is it reasonable??I'm very nervous about Apple's value and it's P/E ratio. If a more reasonable P/E is 12, we're talking about a stock price of around $70 which is more in line with prepandemic pricing. Many tech stocks are falling back to these levels and even lower. I hope I'm wrong but it could be a very painful summer decline. I think the fall (October) will see a significant rebound, but this kind of decline will definitely keep me up at nights.