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Apple AAPL
$ 319.97 1.0%
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Quarterly report 2026-Q3
added 07-31-2026

Apple Financial Ratios 2025-2006 | AAPL

Brief overview of Apple's valuation multiples

This overview follows the five latest available observations from 2021 through 2025.

Market valuation is represented by P/E 35.9x (median 29.05x), EV/EBITDA 24.88x (median 15.81x), P/S 9.66x (median 7.52x). The current ratio basket stands about 28.5% above the five-year base, increasing sensitivity to weak reports.

Current earnings relative to valuation equal about 2.8% on the 1/P/E measure. This is a valuation reference, not an expected payout.

Returns on assets and capital are represented by ROE 151.9%, ROA 31.2%, ROCE 68.7%. Returns on capital and assets point to efficient economics and a strong internal source of growth.

On PEG (1.94x), valuation is stretched relative to growth and requires strong execution.

A shorter cycle, from -52.9 days to -71.8 days, indicates faster release of cash from operations.

Overall picture

Apple's profitability supports higher multiples, although much of the quality is already reflected in price.

Annual Financial Ratios Apple

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

 35.9 36.5 28.7 28.4 29.0 36.3 22.4 41.6 18.0 14.1 12.4 16.2 13.2 13.5 14.5 1.4 1.3 2.6 1.0 -

P/S

 9.7 8.7 7.3 7.2 7.5 7.6 4.8 3.1 3.8 3.0 2.8 3.5 2.9 3.6 3.5 - - - - -

EPS

 7.5 6.1 6.2 6.2 5.7 3.3 3.0 1.1 9.3 8.3 9.3 6.5 5.7 6.4 28.1 6.5 3.7 2.5 4.0 -

EV (Enterprise Value)

 4.27 T 3.7 T 3.04 T 3.11 T 3 T 2.31 T 1.44 T 1.06 T 1.09 T 817 B 813 B 746 B 560 B 612 B 405 B 24.6 B 15 B 7.86 B -5.7 B -6.39 B

EBITDA per Share

 9.68 8.78 7.99 8.05 7.2 4.46 4.14 4.13 3.43 3.22 3.58 2.48 2.15 2.24 1.38 21.3 14 10 5.48 -

EV/EBITDA

 29.5 27.5 24.2 23.8 24.9 26.8 15.8 13.9 13.5 10.0 8.5 10.9 8.8 9.5 10.3 1.3 1.2 0.9 -1.2 -

PEG

 1.94 2.02 1.78 1.39 1.51 7.34 1.83 2.72 1.63 -1.41 0.29 1.2 -1.28 0.23 0.18 - - - - -

P/B

 54.5 60.1 44.8 55.9 43.6 31.9 13.7 7.8 6.5 5.0 5.6 5.7 4.0 4.8 4.9 0.2 0.1 0.3 - -

P/CF

 36.1 28.9 25.2 23.2 26.4 25.9 17.9 10.7 17.1 12.0 9.5 12.8 11.0 13.6 12.5 0.5 0.4 0.6 0.7 -

ROE %

 151.91 164.59 156.08 196.96 150.07 87.87 61.06 18.63 36.07 35.62 44.74 35.42 29.98 35.30 33.83 12.56 10.68 10.11 24.05 -

ROA %

 31.18 25.68 27.51 28.29 26.97 17.73 16.32 5.46 12.88 14.20 18.39 17.04 17.89 23.70 22.28 7.99 7.11 6.23 - -

ROCE %

 68.72 65.34 55.14 60.09 48.31 30.34 27.46 28.49 22.35 24.73 33.96 31.18 30.00 40.17 38.22 38.47 37.10 37.35 30.33 -

Current Ratio

 1.3 1.2 1.2 1.2 1.2 1.3 1.4 1.4 1.3 1.4 1.1 1.1 1.7 1.5 1.6 2.7 3.0 2.6 - -

DSO

 32.1 29.4 27.5 25.2 21.2 26.0 32.3 28.2 56.8 26.7 26.3 34.9 28.0 25.5 18.1 - - - - -

DIO

 10.7 11.8 9.6 9.4 9.1 8.8 9.1 9.8 12.6 5.9 6.1 6.9 6.0 3.3 4.4 7.0 6.9 3.8 - -

DPO

 114.7 114.2 108.0 97.1 83.2 95.3 115.2 116.9 126.9 103.6 92.5 98.2 76.6 88.0 82.9 81.3 79.0 41.5 - -

Operating Cycle

 42.8 41.2 37.1 34.6 30.3 34.8 41.4 38.0 69.4 32.6 32.4 41.7 34.0 28.8 22.5 7.0 6.8 3.8 - -

Cash Conversion Cycle

 -71.8 -73.0 -70.9 -62.4 -52.9 -60.5 -73.8 -78.9 -57.6 -71.0 -60.0 -56.5 -42.6 -59.2 -60.4 -74.4 -72.2 -37.6 - -

All numbers in USD currency

Quarterly Financial Ratios Apple

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2 2010-Q1 2009-Q3

EPS

 2.03 2.02 2.85 2.85 - 1.57 1.65 2.41 - 1.4 1.53 2.19 - 1.27 1.53 1.89 - 1.2 1.54 2.11 - 1.31 1.41 1.7 0.74 0.65 0.64 1.26 0.76 0.55 5.04 1.05 2.94 2.36 4.22 3.92 2.08 1.68 3.92 3.38 1.68 1.43 3.38 3.3 1.97 1.86 3.3 3.08 1.43 1.29 3.08 2.08 1.19 1.07 14.59 1.99 8.76 9.42 13.93 14.03 7.13 7.89 14.03 3.57 3.39 3.74 1.38

EBITDA per Share

 3.12 2.9 3.67 3.67 - - - 3.04 - - - 2.79 - - - 2.45 - 1.43 1.84 2.7 - 1.78 1.64 2.14 3.43 1.08 0.89 1.61 12.4 3.93 3.47 5.65 12.6 3.71 5.65 5.68 10.7 3.1 5.14 4.97 10.2 2.85 4.97 4.88 11.2 3.34 4.88 4.59 7.71 2.38 4.59 3.13 6.73 1.94 21.9 20 49.9 13.9 20 19.4 28.6 11 19.4 5.41 4.85 5.46 2.44

ROE %

 150.95 158.84 168.16 174.85 127.12 159.27 155.53 164.20 109.78 142.76 149.48 170.50 124.73 158.19 162.32 171.59 118.71 152.54 153.24 159.55 111.41 130.80 112.54 95.37 76.79 72.52 67.36 75.21 67.31 65.37 64.72 56.82 54.20 49.01 45.74 43.12 42.32 41.36 40.93 40.57 41.37 43.66 46.53 47.96 48.26 46.53 44.53 45.31 40.77 39.26 37.90 32.33 32.52 33.39 35.27 35.75 39.99 41.68 43.75 49.74 42.78 41.95 41.85 29.55 7.81 9.44 4.75

ROA %

 37.94 37.24 36.75 36.21 25.11 31.58 31.51 33.63 23.07 29.00 29.81 31.45 21.86 27.64 28.84 30.65 22.00 28.59 29.82 30.81 21.72 25.64 22.59 19.09 17.50 17.63 17.05 20.11 18.92 18.74 18.92 17.81 17.40 16.40 15.57 15.46 15.93 15.87 15.97 16.19 17.05 18.08 19.33 20.09 20.71 20.53 20.20 21.65 20.57 20.55 20.54 19.08 19.95 20.99 22.67 23.78 26.53 27.55 28.82 32.62 28.22 27.92 27.90 19.23 5.39 6.26 2.55

ROCE %

 77.32 76.87 77.55 75.55 52.11 64.79 63.04 65.57 44.13 55.08 55.75 59.88 41.49 52.67 55.16 59.57 42.37 53.23 53.97 55.68 37.92 61.49 56.53 50.67 46.25 43.43 42.37 42.09 40.17 41.35 41.35 44.53 54.47 50.11 53.30 63.08 61.99 82.05 81.90 81.37 82.57 92.36 96.28 98.32 99.14 88.77 86.19 87.67 81.48 75.96 74.19 66.59 66.64 72.57 74.91 75.34 81.08 76.34 78.79 86.86 77.43 54.81 55.78 39.60 10.11 13.21 6.46

Current Ratio

 1.4 1.4 1.3 1.3 1.3 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.2 1.2 1.3 1.3 1.4 1.4 1.4 1.4 1.5 1.4 1.4 1.4 1.5 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.8 1.7 1.7 1.7 1.9 1.9 1.9 1.9 2.4 2.5 2.5 2.5 2.9 3.0 3.0 3.0 2.9 2.9 2.9 2.9 3.0 3.2 3.0 2.2

DSO

 25.7 28.8 25.3 25.3 - 26.1 26.7 23.1 - - - - - - - - - - 23.9 20.8 - 24.5 27.2 17.7 22.7 24.6 15.2 21.8 32.7 38.9 20.4 22.3 33.6 39.7 34.8 21.4 31.0 35.9 27.5 17.4 30.7 33.9 16.7 17.9 29.9 31.0 20.2 20.9 37.8 42.6 19.4 21.6 31.9 33.9 19.6 18.9 27.7 28.5 16.6 14.1 17.3 17.1 8.7 - - - -

DIO

 14.9 10.2 7.2 7.1 - 11.1 11.9 9.8 - 12.3 12.0 9.1 - - - - - - 9.4 8.2 - 10.3 9.0 6.1 2.8 9.0 5.0 6.6 3.1 11.2 7.3 7.8 2.9 11.0 7.3 7.8 4.1 15.9 6.3 4.6 1.9 7.4 4.3 4.8 2.0 7.2 4.7 4.5 2.2 8.5 4.3 5.0 1.9 7.2 4.1 3.1 1.1 3.6 2.8 3.6 1.5 4.2 3.1 7.5 7.0 4.7 -

DPO

 101.8 103.5 86.4 86.0 - 94.8 104.8 90.4 - 92.4 97.8 85.1 - - - - - - 105.9 84.5 - 79.6 92.1 72.2 27.3 83.5 52.7 73.6 34.6 125.6 73.0 87.4 40.8 155.3 103.7 90.0 39.3 160.3 73.5 71.8 33.2 129.6 66.9 69.1 29.7 108.2 73.8 69.4 32.0 121.4 60.8 66.3 24.6 91.5 62.2 64.9 29.1 96.5 53.7 58.5 28.1 80.2 41.1 67.4 70.6 32.0 -

Operating Cycle

 - - - 32.4 - 37.1 38.6 33.0 - 12.3 12.0 9.1 - - - - - - 33.4 28.9 - 34.8 36.2 23.8 25.6 33.7 20.2 28.4 35.7 50.0 27.7 30.1 36.5 50.7 42.1 29.1 35.1 51.8 33.9 21.9 32.6 41.4 21.1 22.7 31.8 38.1 24.8 25.4 40.1 51.0 23.7 26.6 33.9 41.1 23.7 21.9 28.8 32.1 19.4 17.7 18.8 21.4 - - - - -

Cash Conversion Cycle

 - - - -53.6 - -57.6 -66.2 -57.5 - -80.1 -85.8 -76.1 - - - - - - -72.5 -55.6 - -44.8 -55.9 -48.3 -4.2 -49.9 -32.5 -45.2 1.2 -75.6 -45.3 -57.3 -4.3 -104.6 -61.6 -60.8 -4.2 -108.5 -39.6 -49.8 -0.7 -88.3 -45.8 -46.3 2.1 -70.1 -49.0 -44.0 8.1 -70.3 -37.1 -39.7 9.3 -50.5 -38.6 -43.0 -0.3 -64.4 -34.4 -40.8 -9.3 -58.8 - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Apple, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Consumer electronics industry

Issuer Price % 24h Market Cap Country
Mohawk Group Holdings, Inc. Mohawk Group Holdings, Inc.
MWK
 		- -3.50 % $ 723 M usaUSA
Sony Corporation Sony Corporation
SONY
 		$ 24.56 1.26 % $ 149 B japanJapan
Viomi Technology Co., Ltd Viomi Technology Co., Ltd
VIOT
 		$ 1.14 0.56 % $ 233 M chinaChina
LG Display Co., Ltd. LG Display Co., Ltd.
LPL
 		$ 3.3 1.54 % $ 1.56 B south-koreaSouth-korea
Emerson Radio Corp. Emerson Radio Corp.
MSN
 		$ 0.52 6.07 % $ 10.9 M usaUSA
GoPro GoPro
GPRO
 		$ 1.7 22.3 % $ 314 M usaUSA
Hamilton Beach Brands Holding Company Hamilton Beach Brands Holding Company
HBB
 		$ 31.0 0.35 % $ 420 M usaUSA
Turtle Beach Corporation Turtle Beach Corporation
HEAR
 		- -0.23 % $ 300 M usaUSA
iRobot Corporation iRobot Corporation
IRBT
 		- - $ 32.4 M usaUSA
Koss Corporation Koss Corporation
KOSS
 		$ 3.58 1.12 % $ 33.5 M usaUSA
Sonos Sonos
SONO
 		$ 15.36 1.16 % $ 1.85 B usaUSA
Universal Electronics Universal Electronics
UEIC
 		$ 4.71 3.74 % $ 62 M usaUSA
Vuzix Corporation Vuzix Corporation
VUZI
 		$ 2.44 0.2 % $ 189 M usaUSA