As at Apr 19, 2024, the AAPL stock has a PE ratio of 25.54. This is based on the current EPS of $6.46 and the stock price of $165 per share. A decrease of 13% has been seen in the P/E ratio compared to the average of 29.5 of the last 4 quarters.
The mean historical PE ratio of Apple over the last ten years is 20.3. The current 25.54 PE ratio is 26% above the historical average. Over the past ten years, AAPL's PE ratio was at its highest in the Dec 2020 quarter at 35.29, with a price of $131.97 and an EPS of $3.74. The Jun 2016 quarter recorded the bottom point at 10.81, with a price of $23.35 and an EPS of $2.16.
Maximum annual increase: 85.36% in 2020
Maximum annual decrease: -23.61% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 27.79 | 13.61% |
| 2022 | 24.46 | -5.6% |
| 2021 | 25.91 | -23.61% |
| 2020 | 33.92 | 85.36% |
| 2019 | 18.3 | -2.71% |
| 2018 | 18.81 | 13.25% |
| 2017 | 16.61 | 23.22% |
| 2016 | 13.48 | 9.06% |
| 2015 | 12.36 | -20.51% |
| 2014 | 15.55 | 28.94% |
The current PE ratio of AAPL is greater than its 10-year historical average, but it is below the 3 and 5-year averages.
Compared to its peers MSFT and AMZN, AAPL's PE ratio stands lower, however it is higher than HPQ's. Apple's PE ratio is trading below the peer group average of 37.13.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 8.04 | $27.27B |
| AAPL Apple Inc | 25.54 | $2.55T |
| MSFT Microsoft Corp | 35.96 | $2.97T |
| NFLX Netflix Inc | 45.31 | $240.2B |
| AMZN Amazon Com Inc | 59.2 | $1.81T |
AAPL stock has a price to earnings ratio of 25.54 as of Apr 19, 2024.
Over the last 3 years, the average price to earnings ratio for AAPL stock is 26.94.
Over the last 5 years, the average price to earnings ratio for AAPL stock is 26.11.
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 35.29.
AAPL's current price to earnings ratio is 26% above its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Apr 19, 2024), Apple's stock price is $165. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.46. Therefore, Apple's P/E ratio for today is 25.54. PE RATIO(25.54) = STOCK PRICE($165) / TTM EPS($6.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.