Stocktoria

Apple Inc. AAPL

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

Apple Inc. statistics & valuation

Market cap$4.17T
P / E37.2×
P / S10.0×
P / B56.5×
P / FCF42.2×
Dividend yield0.37%
Net margin26.9%
Return on equity151.9%
FCF margin23.7%
Net debt$54.8B
Net debt / EBITDA0.4×
Enterprise value USD$4.22T
EV / EBITDA29.2×
Earnings yield EBIT/EV3.2%
Return on capital68.7%
Graham number -90.5%$28.72

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 ($28.72); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
21.20% 21.10% 22.40% 21.20% 20.90% 25.90% 25.30% 25.30% 24.00% 26.90% 2016201720182019202020212022202320242025
Gross margin (%)
39.10% 38.50% 38.30% 37.80% 38.20% 41.80% 43.30% 44.10% 46.20% 46.90% 2016201720182019202020212022202320242025
Operating margin (%)
27.80% 26.80% 26.70% 24.60% 24.10% 29.80% 30.30% 29.80% 31.50% 32.00% 2016201720182019202020212022202320242025
Return on equity (%)
35.60% 36.10% 55.60% 61.10% 87.90% 150.10% 197.00% 156.10% 164.60% 151.90% 2016201720182019202020212022202320242025
Shares outstanding
22.00B 21.01B 20.00B 18.60B 17.53B 16.86B 16.33B 15.81B 15.41B 15.00B 2016201720182019202020212022202320242025
Net debt ($)
$54.94B $76.92B $67.82B $42.96B $60.65B $83.76B $86.44B $75.14B $66.72B $54.77B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
14.20% 12.90% 16.30% 16.30% 17.70% 27.00% 28.30% 27.50% 25.70% 31.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
24.80% 22.60% 24.10% 22.60% 26.70% 25.40% 28.30% 26.00% 27.80% 23.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.59× 0.73× 0.87× 1.01× 1.51× 1.88× 2.17× 1.69× 1.70× 1.23× 2016201720182019202020212022202320242025
EPS ($)
$2.08 $2.30 $2.98 $2.97 $3.28 $5.61 $6.11 $6.13 $6.08 $7.46 2016201720182019202020212022202320242025

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 40.5× earnings — above its 10-year norm (10-year range 13.7×–37.2×, median 26.7×).

13.7× 40.5×

Shaded band = 10-year range (13.7×–37.2×); dot = today's 40.5×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin46.9%46.2%44.1%43.3%41.8%38.2%37.8%38.3%38.5%39.1%
Operating margin32.0%31.5%29.8%30.3%29.8%24.1%24.6%26.7%26.8%27.8%
Net margin26.9%24.0%25.3%25.3%25.9%20.9%21.2%22.4%21.1%21.2%
FCF margin23.7%27.8%26.0%28.3%25.4%26.7%22.6%24.1%22.6%24.8%
Return on assets31.2%25.7%27.5%28.3%27.0%17.7%16.3%16.3%12.9%14.2%
Return on equity151.9%164.6%156.1%197.0%150.1%87.9%61.1%55.6%36.1%35.6%
Debt / equity1.23×1.70×1.69×2.17×1.88×1.51×1.01×0.87×0.73×0.59×
Current ratio0.890.870.990.881.071.361.541.131.281.35

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