As at Jul 25, 2024, the AAPL stock has a PE ratio of 33.67. This is based on the current EPS of $6.46 and the stock price of $217.49 per share. An increase of 16% has been seen in the P/E ratio compared to the average of 29.1 of the last 4 quarters.
The mean historical PE ratio of Apple over the last ten years is 20.6. The current 33.67 PE ratio is 63% 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 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. Apple's current PE ratio of 33.67 is comparable to the average of its peer group, which is 34.09.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 12.11 | $35.56B |
| AAPL Apple Inc | 33.75 | $3.34T |
| MSFT Microsoft Corp | 36.7 | $3.16T |
| NFLX Netflix Inc | 38.59 | $270.97B |
| AMZN Amazon Com Inc | 50.17 | $1.9T |
AAPL stock has a price to earnings ratio of 33.67 as of Jul 25, 2024.
Over the last 3 years, the average price to earnings ratio for AAPL stock is 27.01.
Over the last 5 years, the average price to earnings ratio for AAPL stock is 26.63.
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 63% 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 (Jul 25, 2024), Apple's stock price is $217.49. 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 33.67. PE RATIO(33.67) = STOCK PRICE($217.49) / TTM EPS($6.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.