AAPL

Apple Inc.

$342.94

-0.15% 2026-10-19

Information TechnologyS&P 500

1M 3M 6M 1Y 2Y

AAPLSPY

+0.6%

+2.0%

+5.1%

+25.8%

YTD

+26.5%

+36.4%

Grades vs sector

Momentum

50th pct in sector

C+

12-1 return: +23.6%
Percentile within its GICS sector across the S&P 1500.

Growth

51st pct in sector

C+

Revenue growth (YoY): +16.4%
Percentile within its GICS sector across the S&P 1500.

Value

21st pct in sector

Forward E/P: 2.8% · EBITDA/EV: 3.3%
Percentile within its GICS sector across the S&P 1500.

Profitability

92nd pct in sector

Profit margin: +27.6% · Return on equity: +148.8%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 3 live models right now.

Momentum Top 15

rank 159 of 499 · 12-1 momentum % 24.9

Quality Growth

rank 21 of 360 · Composite (0-1) 0.8

Momentum Blend

not in the current book

Key stats

Market cap$5.0T

P/E (trailing)39.3

P/E (forward)35.8

52-week range243.42 – 348.15

Revenue growth (YoY, latest qtr)+16.4%

Dividend yield0.31%

Analyst consensusBuy (39)

Mean price target$329.38 (-4%)

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -2 (DCF counts double).

▼DCF (base case)below the price by 44%

▼Forward P/E vs sector35.8x vs median 16.9x

▲Piotroski F-score8/9

▲Altman Z13.5 (safe)

▲Net debt / EBITDA0.1x

•Analyst target-4% (39 analysts)

Discounted cash flow

Bear

$123

-64%

growth 4% · disc. 10.6% · term. 2.0%

Base

$194

-44%

growth 9% · disc. 9.6% · term. 2.5%

Bull

$288

-16%

growth 12% · disc. 8.6% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 15% a year for 10 years.

Implied

+15%/yr

FCF, last 3 yrs

-4%/yr

FCF, last 5 yrs

+6%/yr

Revenue, last 3 yrs

+2%/yr

Revenue, last 5 yrs

+9%/yr

Same inputs as the DCF above: trailing free cash flow 136.7B, 9.6% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-27). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.07 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9× · 54th pct

39.3×
pricier

Forward P/E

sector median 16.9× · 92nd pct

35.8×
pricier

EV / EBITDA

sector median 20.8× · 67th pct

29.9×
pricier

Price / sales

sector median 4.6× · 80th pct

10.7×
pricier

Price / book

sector median 5.1× · 97th pct

46.5×
pricier

FCF yield

sector median 3.5% · 42nd pct

2.7%
pricier

Forward EPS $9.58 vs trailing $8.72 (+10% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

48.7%

Operating margin

33.2%

FCF margin

29.3%

Net margin

27.6%

Return on equity

119.9%

Return on invested capital

98.9%

Net debt / EBITDA

0.1×

Current ratio

1.0×

Interest cover

39.4×

Cash conversion (OCF/NI)

1.1×

Piotroski F-score 8/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 13.5 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$329

-4%

Analysts

Buy

Range

$215–$405

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$416.2B	$112.0B	$98.8B
2024	$391.0B	$93.7B	$108.8B
2023	$383.3B	$97.0B	$99.6B
2022	$394.3B	$99.8B	$111.4B
2021	$365.8B	$94.7B	$93.0B
2020	$274.5B	$57.4B	$73.4B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +1.8%.

Earnings

Next report: 2026-11-02 · during market · EPS est 1.98

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-30	1.89	2.02	+6.7%
2026-04-30	1.94	2.01	+3.5%
2026-01-29	2.67	2.84	+6.2%
2025-10-30	1.77	1.85	+4.5%
2025-07-31	1.43	1.57	+9.5%
2025-05-01	1.62	1.65	+1.7%
2025-01-30	2.35	2.40	+2.3%
2024-10-31	0.95	0.97	+2.5%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$109.4B	+16.4%
2026-03-31	$111.2B	–
2025-12-31	$143.8B	–
2025-09-30	$102.5B	–
2025-06-30	$94.0B	–

Analyst actions

JP Morgan

2026-10-12 · main

Overweight → Overweight
PT $360

Morgan Stanley

2026-10-01 · main

Overweight → Overweight
PT $355

Needham

2026-10-01 · reit

Hold → Hold

Morgan Stanley

2026-09-29 · reit

Overweight → Overweight
PT $360

B of A Securities

2026-09-23 · reit

Buy → Buy
PT $370

Evercore ISI Group

2026-09-18 · main

Outperform → Outperform
PT $380

Recent dividends

2026-08-10: $0.270 · 2026-05-11: $0.270 · 2026-02-09: $0.260 · 2025-11-10: $0.260 · 2025-08-11: $0.260 · 2025-05-12: $0.260 · 2025-02-10: $0.250 · 2024-11-08: $0.250

Insider trades

Borders Ben

Principal Accounting Officer · 2026-10-16

SELL
$51.8K

Borders Ben

Principal Accounting Officer · 2026-10-16

SELL
$27.5K

Borders Ben

Principal Accounting Officer · 2026-10-16

SELL
$335.0K

Borders Ben

Principal Accounting Officer · 2026-10-16

SELL
$13.8K

Borders Ben

Principal Accounting Officer · 2026-10-16

SELL
$13.9K

Parekh Kevan