Here's Why Intel Corp. Stock Is Still Cheap

Here's Why Intel Corp. Stock Is Still Cheap

Shares of Intel (NASDAQ: INTC) have run up by nearly 26% year to date, performing roughly in line with the Nasdaq index. The company's shares underperformed the Nasdaq for most of the year, but after Intel reported strong earnings results last month, the stock surged, allowing it to catch up with the index.

Nevertheless, despite the run-up in the stock, the company's shares are still quite cheap. Intel currently projects that it'll generate $2.93 in earnings per share this year, meaning that as of the stock's Nov. 10 closing price of $45.58, investors are paying about 15.56 times this year's expected earnings per share for the stock.

Image source: Intel.

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Source: Fool.com