APPLE INC (AAPL) Fundamental Analysis & Valuation
NASDAQ:AAPL • US0378331005
255.76 USD
-5.05 (-1.94%)
At close: Mar 12, 2026
255.95 USD
+0.19 (+0.07%)
After Hours: 3/12/2026, 8:21:44 PM
This AAPL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
AAPL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 37 industry peers in the Technology Hardware, Storage & Peripherals industry. AAPL scores excellent points on both the profitability and health parts. This is a solid base for a good stock. AAPL is not valued too expensively and it also shows a decent growth rate. These ratings would make AAPL suitable for quality investing!
1. AAPL Profitability Analysis
1.1 Basic Checks
- In the past year AAPL was profitable.
- In the past year AAPL had a positive cash flow from operations.
- Each year in the past 5 years AAPL has been profitable.
- AAPL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- AAPL's Return On Assets of 31.05% is amongst the best of the industry. AAPL outperforms 100.00% of its industry peers.
- AAPL has a Return On Equity of 133.55%. This is amongst the best in the industry. AAPL outperforms 97.30% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 54.20%, AAPL belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for AAPL is significantly above the industry average of 15.96%.
- The 3 year average ROIC (50.93%) for AAPL is below the current ROIC(54.20%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.05% | ||
| ROE | 133.55% | ||
| ROIC | 54.2% |
ROA(3y)28.12%
ROA(5y)27.93%
ROE(3y)157.53%
ROE(5y)163.92%
ROIC(3y)50.93%
ROIC(5y)48.1%
1.3 Margins
- AAPL has a Profit Margin of 27.04%. This is amongst the best in the industry. AAPL outperforms 97.30% of its industry peers.
- In the last couple of years the Profit Margin of AAPL has grown nicely.
- AAPL's Operating Margin of 32.38% is amongst the best of the industry. AAPL outperforms 100.00% of its industry peers.
- AAPL's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 47.33%, AAPL belongs to the top of the industry, outperforming 86.49% of the companies in the same industry.
- In the last couple of years the Gross Margin of AAPL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.38% | ||
| PM (TTM) | 27.04% | ||
| GM | 47.33% |
OM growth 3Y1.82%
OM growth 5Y5.77%
PM growth 3Y2.07%
PM growth 5Y5.18%
GM growth 3Y2.69%
GM growth 5Y4.17%
2. AAPL Health Analysis
2.1 Basic Checks
- AAPL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, AAPL has less shares outstanding
- Compared to 5 years ago, AAPL has less shares outstanding
- The debt/assets ratio for AAPL has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 10.26 indicates that AAPL is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 10.26, AAPL belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
- AAPL has a debt to FCF ratio of 0.73. This is a very positive value and a sign of high solvency as it would only need 0.73 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.73, AAPL belongs to the top of the industry, outperforming 89.19% of the companies in the same industry.
- AAPL has a Debt/Equity ratio of 0.89. This is a neutral value indicating AAPL is somewhat dependend on debt financing.
- AAPL has a Debt to Equity ratio of 0.89. This is comparable to the rest of the industry: AAPL outperforms 40.54% of its industry peers.
- Although AAPL's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | 10.26 |
ROIC/WACC6.21
WACC8.73%
2.3 Liquidity
- AAPL has a Current Ratio of 0.97. This is a bad value and indicates that AAPL is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.97, AAPL is not doing good in the industry: 70.27% of the companies in the same industry are doing better.
- AAPL has a Quick Ratio of 0.97. This is a bad value and indicates that AAPL is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.94, AAPL is in line with its industry, outperforming 54.05% of the companies in the same industry.
- The current and quick ratio evaluation for AAPL is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.94 |
3. AAPL Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 13.49% over the past year.
- The Earnings Per Share has been growing by 18.04% on average over the past years. This is quite good.
- Looking at the last year, AAPL shows a quite strong growth in Revenue. The Revenue has grown by 10.07% in the last year.
- AAPL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.68% yearly.
EPS 1Y (TTM)13.49%
EPS 3Y6.93%
EPS 5Y18.04%
EPS Q2Q%18.33%
Revenue 1Y (TTM)10.07%
Revenue growth 3Y1.81%
Revenue growth 5Y8.68%
Sales Q2Q%15.65%
3.2 Future
- Based on estimates for the next years, AAPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.30% on average per year.
- AAPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.46% yearly.
EPS Next Y16.21%
EPS Next 2Y12.97%
EPS Next 3Y12.02%
EPS Next 5Y14.3%
Revenue Next Year12.17%
Revenue Next 2Y9.39%
Revenue Next 3Y8.19%
Revenue Next 5Y7.46%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. AAPL Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 32.33, the valuation of AAPL can be described as expensive.
- Based on the Price/Earnings ratio, AAPL is valued a bit cheaper than 64.86% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 25.71, AAPL is valued a bit more expensive.
- The Price/Forward Earnings ratio is 26.83, which means the current valuation is very expensive for AAPL.
- AAPL's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of AAPL to the average of the S&P500 Index (23.82), we can say AAPL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.33 | ||
| Fwd PE | 26.83 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, AAPL is valued a bit cheaper than 70.27% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, AAPL is valued a bit cheaper than 67.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.49 | ||
| EV/EBITDA | 25.08 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- AAPL has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as AAPL's earnings are expected to grow with 12.02% in the coming years.
PEG (NY)1.99
PEG (5Y)1.79
EPS Next 2Y12.97%
EPS Next 3Y12.02%
5. AAPL Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.33%, AAPL is not a good candidate for dividend investing.
- AAPL's Dividend Yield is a higher than the industry average which is at 0.63.
- With a Dividend Yield of 0.33, AAPL pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.33% |
5.2 History
- The dividend of AAPL has a limited annual growth rate of 4.95%.
- AAPL has paid a dividend for at least 10 years, which is a reliable track record.
- AAPL has decreased its dividend recently.
Dividend Growth(5Y)4.95%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 13.15% of the earnings are spent on dividend by AAPL. This is a low number and sustainable payout ratio.
- The dividend of AAPL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP13.15%
EPS Next 2Y12.97%
EPS Next 3Y12.02%
AAPL Fundamentals: All Metrics, Ratios and Statistics
255.76
-5.05 (-1.94%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)01-29 2026-01-29/amc
Earnings (Next)04-29 2026-04-29/amc
Inst Owners65.01%
Inst Owner Change1.38%
Ins Owners0.06%
Ins Owner Change0.5%
Market Cap3.76T
Revenue(TTM)435.62B
Net Income(TTM)117.78B
Analysts77.78
Price Target296 (15.73%)
Short Float %0.92%
Short Ratio2.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.33% |
Yearly Dividend1.03
Dividend Growth(5Y)4.95%
DP13.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-09 2026-02-09 (0.26)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.27%
Min EPS beat(2)2.35%
Max EPS beat(2)4.19%
EPS beat(4)3
Avg EPS beat(4)3.33%
Min EPS beat(4)-0.58%
Max EPS beat(4)7.34%
EPS beat(8)6
Avg EPS beat(8)1.97%
EPS beat(12)10
Avg EPS beat(12)2.32%
EPS beat(16)12
Avg EPS beat(16)1.76%
Revenue beat(2)1
Avg Revenue beat(2)0.01%
Min Revenue beat(2)-1.76%
Max Revenue beat(2)1.77%
Revenue beat(4)2
Avg Revenue beat(4)0.43%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)2.97%
Revenue beat(8)2
Avg Revenue beat(8)-0.42%
Revenue beat(12)2
Avg Revenue beat(12)-0.62%
Revenue beat(16)3
Avg Revenue beat(16)-0.85%
PT rev (1m)0.33%
PT rev (3m)3.33%
EPS NQ rev (1m)1.02%
EPS NQ rev (3m)5.77%
EPS NY rev (1m)0.54%
EPS NY rev (3m)2.92%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)4.59%
Revenue NY rev (1m)0.54%
Revenue NY rev (3m)2.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.33 | ||
| Fwd PE | 26.83 | ||
| P/S | 8.63 | ||
| P/FCF | 30.49 | ||
| P/OCF | 27.76 | ||
| P/B | 42.64 | ||
| P/tB | 42.64 | ||
| EV/EBITDA | 25.08 |
EPS(TTM)7.91
EY3.09%
EPS(NY)9.53
Fwd EY3.73%
FCF(TTM)8.39
FCFY3.28%
OCF(TTM)9.21
OCFY3.6%
SpS29.63
BVpS6
TBVpS6
PEG (NY)1.99
PEG (5Y)1.79
Graham Number32.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.05% | ||
| ROE | 133.55% | ||
| ROCE | 65.03% | ||
| ROIC | 54.2% | ||
| ROICexc | 78.06% | ||
| ROICexgc | 78.06% | ||
| OM | 32.38% | ||
| PM (TTM) | 27.04% | ||
| GM | 47.33% | ||
| FCFM | 28.31% |
ROA(3y)28.12%
ROA(5y)27.93%
ROE(3y)157.53%
ROE(5y)163.92%
ROIC(3y)50.93%
ROIC(5y)48.1%
ROICexc(3y)72.42%
ROICexc(5y)66.83%
ROICexgc(3y)72.42%
ROICexgc(5y)66.83%
ROCE(3y)63.07%
ROCE(5y)59.52%
ROICexgc growth 3Y6.76%
ROICexgc growth 5Y12.61%
ROICexc growth 3Y6.76%
ROICexc growth 5Y12.61%
OM growth 3Y1.82%
OM growth 5Y5.77%
PM growth 3Y2.07%
PM growth 5Y5.18%
GM growth 3Y2.69%
GM growth 5Y4.17%
F-Score8
Asset Turnover1.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 0.73 | ||
| Debt/EBITDA | 0.51 | ||
| Cap/Depr | 102.67% | ||
| Cap/Sales | 2.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.6% | ||
| Profit Quality | 104.71% | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 10.26 |
F-Score8
WACC8.73%
ROIC/WACC6.21
Cap/Depr(3y)95.46%
Cap/Depr(5y)96.21%
Cap/Sales(3y)2.78%
Cap/Sales(5y)2.82%
Profit Quality(3y)102.31%
Profit Quality(5y)103.35%
High Growth Momentum
Growth
EPS 1Y (TTM)13.49%
EPS 3Y6.93%
EPS 5Y18.04%
EPS Q2Q%18.33%
EPS Next Y16.21%
EPS Next 2Y12.97%
EPS Next 3Y12.02%
EPS Next 5Y14.3%
Revenue 1Y (TTM)10.07%
Revenue growth 3Y1.81%
Revenue growth 5Y8.68%
Sales Q2Q%15.65%
Revenue Next Year12.17%
Revenue Next 2Y9.39%
Revenue Next 3Y8.19%
Revenue Next 5Y7.46%
EBIT growth 1Y12.25%
EBIT growth 3Y3.66%
EBIT growth 5Y14.95%
EBIT Next Year22.84%
EBIT Next 3Y12.34%
EBIT Next 5Y10.87%
FCF growth 1Y15.4%
FCF growth 3Y-3.95%
FCF growth 5Y6.13%
OCF growth 1Y16.35%
OCF growth 3Y-3%
OCF growth 5Y6.68%
APPLE INC / AAPL FAQ
What is the ChartMill fundamental rating of APPLE INC (AAPL) stock?
ChartMill assigns a fundamental rating of 7 / 10 to AAPL.
Can you provide the valuation status for APPLE INC?
ChartMill assigns a valuation rating of 4 / 10 to APPLE INC (AAPL). This can be considered as Fairly Valued.
Can you provide the profitability details for APPLE INC?
APPLE INC (AAPL) has a profitability rating of 10 / 10.
What is the expected EPS growth for APPLE INC (AAPL) stock?
The Earnings per Share (EPS) of APPLE INC (AAPL) is expected to grow by 16.21% in the next year.
How sustainable is the dividend of APPLE INC (AAPL) stock?
The dividend rating of APPLE INC (AAPL) is 5 / 10 and the dividend payout ratio is 13.15%.