P/E Excluding Cash and Short-Term Investments

The below shows the Price / Earnings ratio for all components of the DJIA excluding financials (don't have a clue as to whether their earnings are legitimate, let alone sustainable), as well as the Price / Earnings ratio excluding cash and short-term investments. All data was pulled from the latest figures as presented within their last quarters financial statements.



I understand the counter to some of those insanely cheap looking earnings:

Not sustainable

Technology no longer feasible (i.e. Apple will steal the entire market)

Value trap

But some of these companies look CHEAP.

Source: Yahoo Finance