By Bret Kenwell Netflix stock has been pummeled, but now trading at 17 times this year’s earnings, bulls need to evaluate Netflix stock for its value, not its growth. Netflix (NFLX) – Get Netflix Inc. Report stock has been buried. Of all the FAANG components, this one has been the worst performer by a landslide. Shares are currently down 68.8% this year, down 73.2% from the high and have suffered a peak-to-trough decline of 76.8%. That is rather horrendous, although it’s not Netflix’s first brush with a ruthless bear market. In 2011 to 2012, shares declined 82% from the high. At a time where i…