APPLE INC (AAPL) Fundamental Analysis & Valuation

NASDAQ:AAPL • US0378331005

Current stock price

253.79 USD
+7.16 (+2.9%)
At close:
254.99 USD
+1.2 (+0.47%)
After Hours:

This AAPL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

10

1. AAPL Profitability Analysis

1.1 Basic Checks

  • In the past year AAPL was profitable.
  • AAPL had a positive operating cash flow in the past year.
  • AAPL had positive earnings in each of the past 5 years.
  • In the past 5 years AAPL always reported a positive cash flow from operatings.
AAPL Yearly Net Income VS EBIT VS OCF VS FCFAAPL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

1.2 Ratios

  • The Return On Assets of AAPL (31.05%) is better than 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.
  • AAPL has a better Return On Invested Capital (54.20%) than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AAPL is significantly above the industry average of 15.72%.
  • The last Return On Invested Capital (54.20%) for AAPL is above the 3 year average (50.93%), which is a sign of increasing profitability.
Industry RankSector 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%
AAPL Yearly ROA, ROE, ROICAAPL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50 100 150

1.3 Margins

  • AAPL's Profit Margin of 27.04% is amongst the best of the industry. AAPL outperforms 97.30% of its industry peers.
  • AAPL's Profit Margin has improved in the last couple of years.
  • The Operating Margin of AAPL (32.38%) is better than 100.00% of its industry peers.
  • AAPL's Operating Margin has improved in the last couple of years.
  • AAPL's Gross Margin of 47.33% is amongst the best of the industry. AAPL outperforms 86.49% of its industry peers.
  • In the last couple of years the Gross Margin of AAPL has grown nicely.
Industry RankSector 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%
AAPL Yearly Profit, Operating, Gross MarginsAAPL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

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.
  • The number of shares outstanding for AAPL has been reduced compared to 1 year ago.
  • The number of shares outstanding for AAPL has been reduced compared to 5 years ago.
  • Compared to 1 year ago, AAPL has an improved debt to assets ratio.
AAPL Yearly Shares OutstandingAAPL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B
AAPL Yearly Total Debt VS Total AssetsAAPL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B

2.2 Solvency

  • An Altman-Z score of 9.83 indicates that AAPL is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of AAPL (9.83) is better than 94.59% of its industry peers.
  • 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.
  • AAPL has a Debt to FCF ratio of 0.73. This is amongst the best in the industry. AAPL outperforms 86.49% of its industry peers.
  • A Debt/Equity ratio of 0.89 indicates that AAPL is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.89, AAPL is in line with its industry, outperforming 40.54% of the companies in the same industry.
  • Even though the debt/equity ratio score it not favorable for AAPL, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 0.73
Altman-Z 9.83
ROIC/WACC6.12
WACC8.86%
AAPL Yearly LT Debt VS Equity VS FCFAAPL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

  • A Current Ratio of 0.97 indicates that AAPL may have some problems paying its short term obligations.
  • With a Current ratio value of 0.97, AAPL is not doing good in the industry: 72.97% 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.
  • AAPL has a Quick ratio of 0.94. This is comparable to the rest of the industry: AAPL outperforms 48.65% of its industry peers.
  • AAPL does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.94
AAPL Yearly Current Assets VS Current LiabilitesAAPL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. AAPL Growth Analysis

3.1 Past

  • AAPL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.49%, which is quite good.
  • Measured over the past years, AAPL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.04% on average per year.
  • The Revenue has grown by 10.07% in the past year. This is quite good.
  • Measured over the past years, AAPL shows a quite strong growth in Revenue. The Revenue has been growing by 8.68% on average per year.
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

  • AAPL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.30% yearly.
  • The Revenue is expected to grow by 7.46% on average over the next years.
EPS Next Y16.21%
EPS Next 2Y12.97%
EPS Next 3Y12.02%
EPS Next 5Y14.3%
Revenue Next Year12.19%
Revenue Next 2Y9.5%
Revenue Next 3Y8.31%
Revenue Next 5Y7.46%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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.
AAPL Yearly Revenue VS EstimatesAAPL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200B 400B 600B
AAPL Yearly EPS VS EstimatesAAPL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5 10 15

More info and screens

Find the best growth stocksShow best growing peers

4

4. AAPL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 32.08 indicates a quite expensive valuation of AAPL.
  • 62.16% of the companies in the same industry are more expensive than AAPL, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.35, AAPL is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 26.62, the valuation of AAPL can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AAPL.
  • AAPL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.61, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.08
Fwd PE 26.62
AAPL Price Earnings VS Forward Price EarningsAAPL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 67.57% of the companies in the same industry are more expensive than AAPL, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, AAPL is valued a bit cheaper than the industry average as 62.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 30.26
EV/EBITDA 23.72
AAPL Per share dataAAPL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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)1.98
PEG (5Y)1.78
EPS Next 2Y12.97%
EPS Next 3Y12.02%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. AAPL Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.41%, AAPL is not a good candidate for dividend investing.
  • AAPL's Dividend Yield is a higher than the industry average which is at 0.61.
  • Compared to an average S&P500 Dividend Yield of 1.89, AAPL's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.41%

5.2 History

  • The dividend of AAPL has a limited annual growth rate of 4.95%.
  • AAPL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AAPL has decreased its dividend recently.
Dividend Growth(5Y)4.95%
Div Incr Years1
Div Non Decr Years1
AAPL Yearly Dividends per shareAAPL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 13.15% of the earnings are spent on dividend by AAPL. This is a low number and sustainable payout ratio.
  • AAPL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.15%
EPS Next 2Y12.97%
EPS Next 3Y12.02%
AAPL Yearly Income VS Free CF VS DividendAAPL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B
AAPL Dividend Payout.AAPL Dividend Payout, showing the Payout Ratio.AAPL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

AAPL Fundamentals: All Metrics, Ratios and Statistics

APPLE INC

NASDAQ:AAPL (3/31/2026, 10:14:19 PM)

After market: 254.99 +1.2 (+0.47%)

253.79

+7.16 (+2.9%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)01-29
Earnings (Next)04-29
Inst Owners65.01%
Inst Owner Change1.43%
Ins Owners0.06%
Ins Owner Change0.76%
Market Cap3.73T
Revenue(TTM)435.62B
Net Income(TTM)117.78B
Analysts77.78
Price Target296.95 (17.01%)
Short Float %0.86%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 0.41%
Yearly Dividend1.03
Dividend Growth(5Y)4.95%
DP13.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-09
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)0.32%
PT rev (3m)1.98%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)6%
EPS NY rev (1m)0.54%
EPS NY rev (3m)3.12%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)4.54%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)2.96%
Valuation
Industry RankSector Rank
PE 32.08
Fwd PE 26.62
P/S 8.57
P/FCF 30.26
P/OCF 27.54
P/B 42.31
P/tB 42.31
EV/EBITDA 23.72
EPS(TTM)7.91
EY3.12%
EPS(NY)9.53
Fwd EY3.76%
FCF(TTM)8.39
FCFY3.31%
OCF(TTM)9.21
OCFY3.63%
SpS29.63
BVpS6
TBVpS6
PEG (NY)1.98
PEG (5Y)1.78
Graham Number32.67
Profitability
Industry RankSector 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 RankSector 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 9.83
F-Score8
WACC8.86%
ROIC/WACC6.12
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 Year12.19%
Revenue Next 2Y9.5%
Revenue Next 3Y8.31%
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 Fundamental Analysis 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.


What is the profitability of AAPL stock?

APPLE INC (AAPL) has a profitability rating of 10 / 10.


How financially healthy is APPLE INC?

The financial health rating of APPLE INC (AAPL) is 8 / 10.


Can you provide the dividend sustainability for AAPL stock?

The dividend rating of APPLE INC (AAPL) is 5 / 10 and the dividend payout ratio is 13.15%.