US · USD

AAPL

Apple Inc.

US$333.02+1.10% (US$3.62)
Day's range
US$330.14 – US$339.50
Day's volume
US$16.3bn
52-week range
US$244.37 – US$341.07

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AAPL in numbers

Market cap
US$4.9tn
P/E
37.70
P/B
45.20
Dividend yield (12m)
0.32%
Net debt/EBITDA
0.13

The 12-month dividend yield of AAPL is 0.32%, below its 5-year average of 0.49%.

AAPL price history

01/10/202530/09/2026
Compare with

AAPL risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+23.63%+97.65%+127.92%
Volatility (annualised)21.64%21.14%24.70%
Largest drawdown-8.90%-19.60%-26.40%
Positive months7/1222/3634/60

How much did investing in AAPL return?

US$1,000.00 invested on 01/10/2021 would be worth US$2,279.23 today.

Value today in AAPL
US$2,279.23
Return over the period
+127.92%
Return per year
+17.93%
In the S&P 500
US$1,661.44

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AAPL fundamentals

Valuation

  • P/E
    37.70
  • P/B
    45.20
  • EV/EBITDA
    29.07
  • EV/EBIT
    31.53
  • EV/Revenue
    10.46
  • P/EBIT
    31.38
  • P/S
    10.41
  • P/OCF
    33.12
  • P/FCF
    35.56
  • Earnings yield
    3.17%
  • PEG ratio
    —
  • Earnings per share
    US$8.83
  • Book value per share
    US$7.37

Debt

  • Net debt
    US$21.9bn
  • Net debt/EBITDA
    0.13
  • Net debt/Equity
    0.20
  • Debt/Equity
    0.78
  • Current ratio
    1.00
  • Quick ratio
    0.93
  • Cash ratio
    0.42

Efficiency

  • Gross margin
    48.65%
  • EBITDA margin
    35.98%
  • Operating margin
    33.17%
  • Net margin
    27.62%
  • Asset turnover
    1.22

Profitability

  • ROE
    119.91%
  • ROA
    33.64%
  • ROIC
    98.92%
  • Payout
    12.00%

Growth

  • Revenue CAGR (5 years)
    6.10%
  • Earnings CAGR (5 years)
    8.23%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is AAPL's fair price?

Two classic value formulas, with today's numbers. The current price is US$333.02.

Graham's fair price
US$38.27
88.51% below the price

√(22.50 × US$8.83 × US$7.37)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$15.82
95.25% below the price

US$0.95 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

AAPL indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E35.8640.3830.8720.7130.7739.3023.6112.57
P/B54.4866.4748.1840.7946.1834.5314.426.99
EV/EBITDA28.0628.4224.1916.3824.7529.4517.169.74
Dividend yield0.38%0.40%0.49%0.70%0.49%0.61%1.04%1.79%
Earnings per shareUS$7.58US$6.20US$6.24US$6.27US$5.77US$3.38US$12.44US$12.54
Book value per shareUS$4.99US$3.77US$4.00US$3.19US$3.85US$3.84US$20.37US$22.58
ROE151.91%164.59%156.08%196.96%150.07%87.87%61.06%55.56%
ROIC95.40%95.04%87.28%81.74%75.46%65.33%54.85%37.27%
Gross margin46.91%46.21%44.13%43.31%41.78%38.23%37.82%38.34%
EBITDA margin34.78%34.44%32.83%33.10%32.87%28.17%29.39%30.80%
Net margin26.92%23.97%25.31%25.31%25.88%20.91%21.24%22.41%
Net debt/EBITDA0.300.310.390.550.520.280.100.59

AAPL financial statements

Line202520242023202220212020
Net revenueUS$416.2bnUS$391bnUS$383.3bnUS$394.3bnUS$365.8bnUS$274.5bn
Cost of sales-US$221bn-US$210.4bn-US$214.1bn-US$223.5bn-US$213bn-US$169.6bn
Gross profitUS$195.2bnUS$180.7bnUS$169.1bnUS$170.8bnUS$152.8bnUS$105bn
EBITDAUS$144.7bnUS$134.7bnUS$125.8bnUS$130.5bnUS$120.2bnUS$77.3bn
EBITUS$133.1bnUS$123.2bnUS$114.3bnUS$119.4bnUS$108.9bnUS$66.3bn
Net finance result-US$321mUS$269m-US$565m-US$334mUS$258mUS$803m
Profit before taxUS$132.7bnUS$123.5bnUS$113.7bnUS$119.1bnUS$109.2bnUS$67.1bn
Income tax-US$20.7bn-US$29.7bn-US$16.7bn-US$19.3bn-US$14.5bn-US$9.7bn
Net incomeUS$112bnUS$93.7bnUS$97bnUS$99.8bnUS$94.7bnUS$57.4bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AAPL pay dividends?

Dividend yield per year

  • 1.45%2017
  • 1.79%2018
  • 1.04%2019
  • 0.61%2020
  • 0.49%2021
  • 0.70%2022
  • 0.49%2023
  • 0.40%2024
  • 0.38%2025
  • 0.24%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend07/08/202613/08/2026US$0.27
Dividend08/05/202614/05/2026US$0.27
Dividend06/02/202612/02/2026US$0.26
Dividend07/11/202513/11/2025US$0.26
Dividend08/08/202514/08/2025US$0.26
Dividend09/05/202515/05/2025US$0.26
Dividend07/02/202513/02/2025US$0.25
Dividend07/11/202414/11/2024US$0.25
Dividend09/08/202415/08/2024US$0.25
Dividend09/05/202416/05/2024US$0.25
Dividend08/02/202415/02/2024US$0.24
Dividend09/11/202316/11/2023US$0.24
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend10/08/202317/08/2023US$0.24
Dividend11/05/202318/05/2023US$0.24
Dividend09/02/202316/02/2023US$0.23
Dividend03/11/202210/11/2022US$0.23
Dividend04/08/202211/08/2022US$0.23
Dividend05/05/202212/05/2022US$0.23
Dividend03/02/202210/02/2022US$0.22
Dividend04/11/202111/11/2021US$0.22
Dividend05/08/202112/08/2021US$0.22
Dividend06/05/202113/05/2021US$0.22
Dividend04/02/202111/02/2021US$0.21
Dividend05/11/202012/11/2020US$0.21
Dividend06/08/202013/08/2020US$0.21
Dividend07/05/202014/05/2020US$0.21
Dividend06/02/202013/02/2020US$0.19
Dividend06/11/201914/11/2019US$0.19
Dividend08/08/201915/08/2019US$0.19
Dividend09/05/201916/05/2019US$0.19
Dividend07/02/201914/02/2019US$0.18
Dividend07/11/201815/11/2018US$0.18
Dividend09/08/201816/08/2018US$0.18
Dividend10/05/201817/05/2018US$0.18
Dividend08/02/201815/02/2018US$0.16
Dividend09/11/201716/11/2017US$0.16
Dividend09/08/201717/08/2017US$0.16
Dividend10/05/201718/05/2017US$0.16
Dividend08/02/201716/02/2017US$0.14
Dividend02/11/201610/11/2016US$0.14

About Apple

Sector
Manufacturing

Questions about AAPL

How much is AAPL today?

AAPL is at US$333.02 (1.10% on the day), last traded on 30/09/2026.

How much did AAPL pay in dividends in 2025?

AAPL paid US$1.03 per share in 2025, a dividend yield of 0.38%.

What are the P/E and P/B of AAPL?

AAPL trades at a P/E of 37.70 and a P/B of 45.20.

How much did AAPL return in 12 months?

AAPL returned 23.63% in 12 months, with annualised volatility of 21.64% and a largest drawdown of -8.90%.