Apple Is The Second Cheapest Mega-Cap On A Free Cash Flow Basis

Apple Inc. AAPL shares continue to fall despite a gargantuan cash balance of more than $200 billion, the largest in the world. In mid-2013, that figure was near $160 billion and it shows no sign of stopping -- unless Apple buys GoPro Inc GPRO or another high-flying tech company like some analysts on Wall Street suggest.

With Apple stock falling below the $100 mark on the first Wednesday of 2016, many traders are asking: What about Apple's cash...shouldn't the market be valuing it at a higher price?

Ratios provide an interesting answer, and show that the stock is, in fact, severely undervalued. According to FinViz, Apple has the second lowest price-to-free cash flow ratio among all mega-caps.

Here's the full list:

• JPMorgan Chase & Co. JPM, 2.99 P/FCF
• Apple, 9.84
• Wells Fargo & Co WFC, 17.58
• Wal-Mart Stores, Inc. WMT, 20.83
• Berkshire Hathaway Inc. BRK, 21.27
• Microsoft Corporation MSFT, 33.18
• Alphabet Inc GOOGL, 35.03
• Johnson & Johnson JNJ, 40.39
• AT&T Inc. T, 42.38
• Amazon.com, Inc. AMZN, 55.04
• Procter & Gamble Co PG, 57.67
• Facebook Inc FB, 58.02