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Prof. Aswath Damodaran evaluates Facebook's stock price

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Excerpt from CNBC -- "I have done five valuations of facebook in the last year and the lowest number I have got is $24 and the highest number I have got is $28. So the value of the company hasn't actually wavered that much over the last year and three months. I don't share the euphoria that people have about mobile monetization because I think they needed to do that. If they hadn't done it, it would have been disastrous. So at $38, I think the stock is richly priced."

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Additional coverage appeared on CNBC.