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

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