Don't disagree with the numbers you have here but they also assume Amazon keeps up the huge investments its making in AWS and other part of business to grow even bigger. If it stopped trying to dominate the world and cut such investments the PE drops a lot and its valuation looks more reasonable. The gross profit on normal activities before reinvestment is impressive.
Good thing this topic is not in the Eco section otherwise Morganist, as to gubmint producing things, would reply.