Biz Brief: Google Gives Up Another $13 a Share

Before you go, we thought you'd like these...
Before you go close icon
Google (GOOG) dropped 2.7%, or another $13.20 a share, to close at $485.52 Monday, giving shares a loss of 22% on the year. The broader S&P 500 ($INX), by comparison, has lost 5.8% in 2010, while the tech-heavy Nasdaq Composite ($COMPX) if off 4.2%.

Even more ghastly, the world's dominant internet company is down 35% from its all-time closing high of nearly $742 set back on Nov. 6, 2007. The S&P 500 has lost 31% over the same time frame. In other words, the broader market has beaten Google by four percentage points since shares hit their record high.

If there's a sliver of a silver lining, Google looks extraordinarily cheap by at least one fundamental measure. With a forward price/earnings multiple of 15, shares offer a 50% to their own five-year average, according to data from Thomson Reuters.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners