NEW YORK, May 9 (Reuters) - Google Inc shares are undervalued, considering the internet company's robust cash flow and the absence of debt, Barron's wrote in its May 10 edition.
Google's shares, which fell to 1.1 percent to $493.14 on the Nasdaq Stock Market on Friday, are worth 17.9 times 2010 earnings per share, below that of Yahoo Inc price-earnings valuation of 24, the financial weekly wrote.
Its enterprise value fell to 11 times its cash flow, its lowest point since the depths of the credit crisis, Barron's wrote.
(Reporting by Phil Wahba; Editing by Diane Craft) Keywords: GOOGLE/ (phil.wahba@thomsonreuters.com; +1 646 223 6128; Reuters Messaging: phil.wahba.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Google's shares, which fell to 1.1 percent to $493.14 on the Nasdaq Stock Market on Friday, are worth 17.9 times 2010 earnings per share, below that of Yahoo Inc price-earnings valuation of 24, the financial weekly wrote.
Its enterprise value fell to 11 times its cash flow, its lowest point since the depths of the credit crisis, Barron's wrote.
(Reporting by Phil Wahba; Editing by Diane Craft) Keywords: GOOGLE/ (phil.wahba@thomsonreuters.com; +1 646 223 6128; Reuters Messaging: phil.wahba.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.