Company Valuation: Apple Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,402,990 2,438,897 2,664,542 3,463,350 3,791,126 4,275,930 - -
Change - 1.49% 9.25% 29.98% 9.46% 12.79% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,206,046 4,179,147 4,146,679
Change - 2.25% 9.36% 30.6% 10.08% 11.94% -0.64% -0.78%
P/E Ratio 25.9x 24.8x 27.8x 37.5x 34.2x 33.2x 30.1x 26.8x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 40.1x 29x 18.9x
PEG - 2.78x 84.93x -45.98x 1.5x 1.9x 2.9x 2.2x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 8.94x 8.25x 7.66x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 8.79x 8.06x 7.43x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 24.9x 23x 20.9x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 27.1x 25x 22.5x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 30x 27.3x 24.9x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.33% 3.67% 4.02%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.07 1.117 1.168
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.37% 0.38% 0.4%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.757 9.667 10.86
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.6% 10.8%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,293 518,463 558,083
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,742 181,996 198,361
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,480 167,144 184,686
Net income 1 94,680 99,803 96,995 93,736 112,010 128,764 139,710 153,758
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -129,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 291.13 291.13 291.13
Nbr of stocks (in thousands) 16,530,166 16,070,752 15,634,232 15,204,137 14,840,390 14,687,356 - -
Announcement Date 10/28/21 10/27/22 11/2/23 10/31/24 10/30/25 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.5x0.9x11.22x-.--% 86B
16.35x0.72x10.12x2.36% 9.13B
7.35x1.44x2.61x0.93% 3.14B
Average 15.40x 1.02x 7.98x 1.09% 32.76B
Weighted average by Cap. 21.45x 0.90x 10.85x 0.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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