One of the simplest, most straightforward ways to quickly value a stock is by the free cash flow yield. Similar to the dividend yield, the higher this metric, the better. Turns out that Apple's (NASDAQ:AAPL) yield is considerably and almost irrationally high, especially compared to other stocks in its sector like Intel (NASDAQ:INTC) and Microsoft (NASDAQ:MSFT) -- two companies plagued by declining PC sales.

In the video below, Fool contributor Daniel Sparks discusses with Fool.com's Erin Miller exactly why he thinks Apple's high free cash flow yield could mean that Apple is irrationally cheap.

Fool contributor Daniel Sparks has no position in any stocks mentioned. Erin Miller owns shares of Apple. The Motley Fool recommends Apple and Intel. The Motley Fool owns shares of Apple, Intel, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.