AAPL Apple PE ratio, current and historical analysis
As at Oct 4, 2024, the AAPL stock has a PE ratio of 34.42. This is based on the current EPS of $6.59 and the stock price of $226.8 per share. An increase of 19% has been seen in the P/E ratio compared to the average of 29.0 of the last 4 quarters.
AAPL PE ratio history
The mean historical PE ratio of Apple over the last ten years is 21.02. The current 34.42 PE ratio is 64% 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.
Apple PE ratio by year
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% |
AAPL average PE ratio chart
The current PE ratio of AAPL is greater than its 3, 5 and 10-year historical averages.
AAPL PE vs peers
Compared to its peers MSFT and AMZN, AAPL's PE ratio stands lower, however it is higher than HPQ's. Apple's current PE ratio of 34.42 is comparable to the average of its peer group, which is 33.81.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 12.5 | $34.68B |
| AAPL Apple Inc | 34.42 | $3.45T |
| MSFT Microsoft Corp | 35.08 | $3.09T |
| AMZN Amazon Com Inc | 43.68 | $1.96T |
| NFLX Netflix Inc | 43.99 | $308.87B |
Frequently asked questions
What is Apple's PE ratio?
AAPL stock has a price to earnings ratio of 34.42 as of Oct 4, 2024.
What is the 3-year average PE ratio for Apple (AAPL)?
Over the last 3 years, the average price to earnings ratio for AAPL stock is 27.56.
What is the 5-year average PE ratio for Apple (AAPL)?
Over the last 5 years, the average price to earnings ratio for AAPL stock is 27.35.
What is the highest PE ratio for AAPL?
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 35.29.
How does the current PE ratio for AAPL compare to its historical average?
AAPL's current price to earnings ratio is 64% above its 10-year historical average.
How is AAPL's PE ratio calculated (Apple PE ratio formula)?
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 (Oct 4, 2024), Apple's stock price is $226.8. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $6.59. Therefore, Apple's P/E ratio for today is 34.42. PE RATIO(34.42) = STOCK PRICE($226.8) / TTM EPS($6.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.