As at Oct 2, 2023, the AAPL stock has a PE ratio of 29.06. This is based on the current EPS of $5.98 and the stock price of $173.75 per share. An increase of 9% has been seen in the P/E ratio compared to the average of 26.7 of the last 4 quarters.
The mean historical PE ratio of Apple over the last ten years is 19.5. The current 29.06 PE ratio is 49% 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 |
|---|---|---|
| 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% |
| 2013 | 12.06 | -19.01% |
The current PE ratio of AAPL is greater than its 3, 5 and 10-year historical averages.
Compared to its peers MSFT and AMZN, AAPL's PE ratio stands lower, however it is higher than HPQ's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 11.13 | $25.95B |
| AAPL Apple Inc | 28.76 | $2.69T |
| MSFT Microsoft Corp | 32.3 | $2.33T |
| NFLX Netflix Inc | 39.76 | $168.09B |
| AMZN Amazon Com Inc | 98.74 | $1.29T |
AAPL stock has a price to earnings ratio of 29.06 as of Oct 2, 2023.
Over the last 3 years, the average price to earnings ratio for AAPL stock is 27.36.
Over the last 5 years, the average price to earnings ratio for AAPL stock is 24.59.
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 49% 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 (Oct 2, 2023), Apple's stock price is $173.75. The earnings per share for the trailing twelve months (TTM) ending Jul 2023 is $5.98. Therefore, Apple's P/E ratio for today is 29.06. PE RATIO(29.06) = STOCK PRICE($173.75) / TTM EPS($5.98)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.