I'm looking at the price of MSFT for the last 1o years, it has moved up and now over that period, but it was around 26 10 years ago and now is at 30.82. I looked at their profit on wolfram alpha http://www.wolframalpha.com/input/?i=microsoft+quarterly+profit see chart at bottom Their profit has gone from 8bn a year to 23bn a year during that time on a pretty consistent basis. So why has the price not gone up consistently? Do people not look at it as a growing company even though their profits are growing? Maybe there is something I am missing.