Well, while outstanding in current (we are living in a 20++ year bubble without much correction - no, when market values/indexes/cap rebound within a year, or month, with mostly the same main players) times, and especially for a successful company in the tech sector, having more assets than market cap isn’t that weird.

As long as market value is above book value, it’s fine.
And when it’s not, it’s prob a bank after 2012 (tho prices are generally way closer to book than they were before) :D.