Morfit: Microsoft traded at eight times earnings in 2013
Mason Morfit · Mason Morfit and Rob Hale – Quiet Activism at ValueAct (EP.462) · Sep 29, 2025 · at 26:17
Mason Morfit, co-CEO of ValueAct Capital, explains Microsoft's compressed valuation multiple before its cloud transition.
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“So the PC legacy of the company was not what was going to take it forward, and the stock was trading at about eight times earnings.”
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