Ticker League

Fair Value for Apple (AAPL)

See growth priced into Apple (AAPL): reverse DCF, implied rate vs history and analysts, FCF view. Free intrinsic value calculator for education.

Fair value (multi-method)

Four independent methods triangulate what AAPL is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.

Estimated fair value (Forward DCF)

$349.84

Near fair value
+12.15% vs current price $307.34

Method range

$18.10 $349.84

median $272.48

Methods disagree

Valuation methods

Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.

  • Forward DCF$349.84
  • Exit multiple$221.14
  • Analyst target$323.82
  • Graham number$18.10

Stock price

$307.34

FCF / share (TTM)

$1.82

3Y FCF CAGR

4.5%

Fair value @ hist. growth

$28.88

This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.

Implied FCF growth

37.5%

per year over your projection horizon

Premium vs DCF

Margin of safety -964.1% vs hist-growth DCF

Historical 3Y CAGR

4.5%

Your model implies

37.5%

Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.

Model inputs

Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.

Discount rate (cost of equity proxy)10.0%
Terminal growth2.50%
Projection years10 yr
FCF growth per year (supplemental projection)5%
3Y CAGR 5%

Undiscounted FCF per share over 10 years at 5% annual growth.

Sensitivity — implied growth vs your assumptions

Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.

Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount1.5%2.0%2.5%3.0%3.5%
8.0%33.5%32.6%31.5%30.4%29.2%
9.0%36.3%35.5%34.6%33.7%32.6%
10.0%39.0%38.2%37.5%36.6%35.8%
11.0%41.5%40.8%40.1%39.4%38.6%
12.0%43.8%43.3%42.6%42.0%41.3%
Color≤ historical CAGRModerate premiumHigh premium (≥ 15pp above hist)Your inputs

Historical multiples

Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.

P/EToday34.1
5Y low24.4
Median27.8
5Y high37.3
P/SToday9.2· at high
5Y low6.2
Median7.0
5Y high9.2
EV/EBITDAToday27.0· at high
5Y low19.1
Median21.6
5Y high27.0

Net debt

$76.4B

Total debt − cash

Beta

1.09

Vs market benchmark

Frequently asked questions