# Prof. Aswath Damodaran evaluates Facebook's stock price

1 Faculty News July 31, 2013 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://video.cnbc.com/gallery/?video=3000187156) -- "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."

[Watch the video](http://video.cnbc.com/gallery/?video=3000187156)

Additional coverage appeared on [CNBC](http://video.cnbc.com/gallery/?video=3000187005).