Just HOW inflated is Google’s Stock?

Today Google traded above $525 per share, giving the company a market valuation of almost $164 Billion. That’s about 15 times the revenue for a company that does not have subscribers but merely users and advertisers and that is in a rapidly developing industry that is still in its infancy. Google has done a lot to foster its brand but the real meat is in LONG term shareholder value and client relationships. Unless the model changes, the company is over-valued by at least 50% and could face extinction with the appearance of smarter search or user agent systems.