Stocktoria

Apple Inc. AAPL

Nasdaq · stock · Electronic Computers · website · IPO 1980-12-12 · LEI

Apple Inc. statistics & valuation

Market cap$4.17T
P / E31.5×
P / S8.7×
P / B37.2×
P / FCF30.6×
Dividend yield0.38%
Net margin27.6%
Return on equity117.9%
FCF margin28.4%
Net debt$41.8B
Net debt / EBITDA0.2×
Enterprise value USD$4.21T
EV / EBITDA24.5×
Earnings yield EBIT/EV3.8%
Return on capital67.4%
Graham number -89%$39.22

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($39.22); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.10% 22.40% 21.20% 20.90% 25.90% 25.30% 25.30% 24.00% 26.90% 27.60% 2017201820192020202120222023202420252026
Gross margin (%)
38.50% 38.30% 37.80% 38.20% 41.80% 43.30% 44.10% 46.20% 46.90% 48.80% 2017201820192020202120222023202420252026
Operating margin (%)
26.80% 26.70% 24.60% 24.10% 29.80% 30.30% 29.80% 31.50% 32.00% 33.00% 2017201820192020202120222023202420252026
Return on equity (%)
36.10% 55.60% 61.10% 87.90% 150.10% 197.00% 156.10% 164.60% 151.90% 117.90% 2017201820192020202120222023202420252026
Shares outstanding
21.01B 20.00B 18.60B 17.53B 16.86B 16.33B 15.81B 15.41B 15.00B 14.72B 2017201820192020202120222023202420252026
Net debt ($)
$76.92B $67.82B $42.96B $60.65B $83.76B $86.44B $75.14B $66.72B $54.74B $41.81B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
12.90% 16.30% 16.30% 17.70% 27.00% 28.30% 27.50% 25.70% 31.20% 32.70% 2017201820192020202120222023202420252026
Free cash flow margin (%)
22.60% 24.10% 22.60% 26.70% 25.40% 28.30% 26.00% 27.80% 23.70% 28.40% 2017201820192020202120222023202420252026
Debt / equity (×)
0.73× 0.87× 1.01× 1.51× 1.88× 2.17× 1.69× 1.70× 1.23× 0.70× 2017201820192020202120222023202420252026
EPS ($)
$2.30 $2.98 $2.97 $3.28 $5.61 $6.11 $6.13 $6.08 $7.46 $8.98 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Apple Inc. trades at about 39.7× earnings — above its 10-year norm (10-year range 18.4×–38.4×, median 27.9×).

18.4× 39.7×

Shaded band = 10-year range (18.4×–38.4×); dot = today's 39.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin48.8%46.9%46.2%44.1%43.3%41.8%38.2%37.8%38.3%38.5%
Operating margin33.0%32.0%31.5%29.8%30.3%29.8%24.1%24.6%26.7%26.8%
Net margin27.6%26.9%24.0%25.3%25.3%25.9%20.9%21.2%22.4%21.1%
FCF margin28.4%23.7%27.8%26.0%28.3%25.4%26.7%22.6%24.1%22.6%
Return on assets32.7%31.2%25.7%27.5%28.3%27.0%17.7%16.3%16.3%12.9%
Return on equity117.9%151.9%164.6%156.1%197.0%150.1%87.9%61.1%55.6%36.1%
Debt / equity0.70×1.23×1.70×1.69×2.17×1.88×1.51×1.01×0.87×0.73×
Current ratio1.020.890.870.990.881.071.361.541.131.28

Computed from company filings · US · as of 2025-09-27. Facts plus Stocktoria's own computed scores — not investment advice.