A high PE ratio is an expression of the premium the market is paying over and above the cash flows a company is already generating.

Here are the comparables for ARMH:

  AMD	12.41
  INTC	10.36	
  NVDA	69.17	
  ARMH	95.01	
  MIPS	36.06	
  QCOM	26.28	
  AAPL	18.84	
  STM	19.99
  MSFT	12.18	
  IBM	11.58	
  BRCM	28.05	

Anyone still think ARMH is a "find"?

I actually agree with the earlier commenter on this thread who lamented that he was probably going to watch ARMH double while he sat on the sidelines. I've recommended against buying AAPL a bunch of times too and been a poor fortune teller. But that doesn't make the methodology being used to pick ARMH sensible. The market knows ARM powers the iPhone.