Back to AAPL overview

AAPL Apple PE ratio, current and historical analysis

As at Jun 20, 2024, the AAPL stock has a PE ratio of 32.46. This is based on the current EPS of $6.46 and the stock price of $209.68 per share. An increase of 11% has been seen in the P/E ratio compared to the average of 29.1 of the last 4 quarters.

AAPL PE ratio history

How has AAPL's PE ratio performed in the past

The mean historical PE ratio of Apple over the last ten years is 20.46. The current 32.46 PE ratio is 59% 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.

Average
20.46
Median
17.79
Minimum
10.81
Maximum
35.29

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

What is the average PE ratio of AAPL for the past years

The current PE ratio of AAPL is greater than its 3, 5 and 10-year historical averages.

3-year avg
26.91
5-year avg
26.14
10-year avg
20.46
15-year avg
18.63

AAPL PE vs peers

What is AAPL's PE ratio compared to its peers

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 36.95.

Stock name PE ratio Market cap
HPQ Hp Inc 12.08 $35.46B
AAPL Apple Inc 32.46 $3.22T
MSFT Microsoft Corp 38.46 $3.31T
NFLX Netflix Inc 46.13 $292.64B
AMZN Amazon Com Inc 51.13 $1.94T

Frequently asked questions

What is Apple's PE ratio?

AAPL stock has a price to earnings ratio of 32.46 as of Jun 20, 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 26.91.

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 26.14.

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 59% 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 (Jun 20, 2024), Apple's stock price is $209.68. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.46. Therefore, Apple's P/E ratio for today is 32.46. PE RATIO(32.46) = STOCK PRICE($209.68) / TTM EPS($6.46)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.