Apple
AAPL

Apple Inc. is an American hardware and software developer and technology company that develops and sells computers, smartphones and consumer electronics as well as operating systems and application software. Apple also operates internet sales portals for music, films and software.

P/E ratio for Apple (AAPL)

P/E ratio as of February 2024 (TTM): 28.3

According to Apple's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.2539. At the end of 2022 the company had a P/E ratio of 21.9.

P/E ratio history for Apple from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202221.9-24.85%
202129.2-17.74%
202035.554.27%
201923.079.01%
201812.9-25.63%
201717.325.37%
201613.824.05%
201511.1-24.78%
201414.86.86%
201313.815.79%
201211.94.8%
201111.4
200924.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
37.0 30.84%๐Ÿ‡บ๐Ÿ‡ธ USA
89.3 215.99%๐Ÿ‡บ๐Ÿ‡ธ USA
27.7-2.05%๐Ÿ‡บ๐Ÿ‡ธ USA
57.2 102.49%๐Ÿ‡บ๐Ÿ‡ธ USA
12.5-55.69%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.