pls compute the price/earnings ratio

pls comment on thr implication of the price/earnings ratio

12 Months Ended Sep. 26, 2015 Sep. 27, 2014 Sep. 28, 2013 $ 233,715 $ 182,795 $ 170,910 140,089 112,258 106,606 93,626 70,537 64,304 CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions Net sales Cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted Cash dividends declared per share 8,067 14,329 22,396 71,230 1,285 72,515 19,121 $ 53,394 6,041 11,993 18,034 52,503 980 53,483 13,973 $ 39,510 4,475 10,830 15,305 48,999 1,156 50,155 13,118 $ 37,037 $ 9.28 $ 9.22 $ 6.49 $ 6.45 $ 5.72 $ 5.68 5,753,421 5,793,069 $ 1.98 6,085,572 6,122,663 $ 1.82 6,477,320 6,521,634 $ 1.64 12 Months Ended Sep. 26, 2015 Sep. 27, 2014 Sep. 28, 2013 $ 233,715 $ 182,795 $ 170,910 140,089 112,258 106,606 93,626 70,537 64,304 CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions Net sales Cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted Cash dividends declared per share 8,067 14,329 22,396 71,230 1,285 72,515 19,121 $ 53,394 6,041 11,993 18,034 52,503 980 53,483 13,973 $ 39,510 4,475 10,830 15,305 48,999 1,156 50,155 13,118 $ 37,037 $ 9.28 $ 9.22 $ 6.49 $ 6.45 $ 5.72 $ 5.68 5,753,421 5,793,069 $ 1.98 6,085,572 6,122,663 $ 1.82 6,477,320 6,521,634 $ 1.64