When stocks get into the hundreds of dollars per share, very large bid / ask spreads can result. (investopedia.com)
[112] The company began to offer a dividend on January 16, 2003, starting at eight cents per share for the fiscal year followed by a dividend of sixteen cents per share the subsequent year, switching from yearly to quarterly dividends in 2005 with eight cents a share per quarter and a special one - time payout of three dollars per share for the second quarter of the fiscal year. (en.wikipedia.org)
But the P / E ratio is giving no credit to non-earning assets such as its large cash balance, the value of its venture cap portfolio (like autonomous cars) or YouTube — which, based on hours of viewing, would be worth hundreds of dollars per share if valued like cable networks. (oakmark.com)