Yahoo PE 17.5 http://finance.yahoo.com/q?s=yhoo Google PE 17.71 http://finance.yahoo.com/q?s=goog Baidu PE 26.60 http://moneycentral.msn.com/detail/stock_quote?Symbol=bidu&getquote=Get+Quote
I agree yahoo is shit and will have a PE of 5 eventually but google and bidu have huge growth and not overvalued.