How much is Arm Holdings really worth?

In 2016, SoftBank’s Masayoshi Son paid $32 billion for the Cambridge UK-based Arm Holdings, a 43% premium over the stock’s price and a multiple of 48-times expected earnings.
Apple’s ARM-based A13 Bionic SoC is fabricated by TSMC
Alec Macfarlane for Reuters:SoftBank Group boss Masayoshi Son once called Arm Holdings his most important acquisition. Since the $128 bln Japanese group bought the UK chip designer four years ago, however, businesses have been hived off and sales growt