In 2011, analysts were forecasting EPS to be $33.94 for the year.
The forward P/E was 15.8, which implies some potential growth. Take a look at figure 19.6 and construct a growth-return profile for the current year within your paper.
If you construct a current-growth return profile for the S&P 500 as well, what conclusions do you arrive at pricing Google relative to the market as a whole looking forward?