Question 1

What is Apple's P/E ratio?

Accepted Answer

Apple (AAPL) P/E ratio is 37.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Apple?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Apple specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

Is Apple's P/E ratio high or low?

Accepted Answer

Apple's P/E ratio of 37.0× is above its own 5-year average of 29.5× and above the sector median of 29.6×. That places the current reading at the 91th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Apple's historical P/E ratio range?

Accepted Answer

In the available daily series, Apple (AAPL) P/E ratio has ranged from a low of 9.8× in 2013 to a high of 265.7× in 2002. The 5-year average is 29.5× and the 5-year median is 29.2×.

Question 7

What was Apple's P/E ratio in 2025?

Accepted Answer

Apple (AAPL) P/E ratio at the end of 2025 was 34.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Apple's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$3.82T	$112.01B	34.1×	-2.8×	Sep 27, 2025
2024	$3.46T	$93.74B	36.9×	+9.3×	Sep 28, 2024
2023	$2.67T	$97.00B	27.5×	+3.4×	Sep 30, 2023
2022	$2.41T	$99.80B	24.2×	-1.4×	Sep 24, 2022
2021	$2.42T	$94.68B	25.6×	-7.8×	Sep 25, 2021
2020	$1.92T	$57.41B	33.4×	+15.1×	Sep 26, 2020
2019	$1.01T	$55.26B	18.3×	+0.1×	Sep 28, 2019
2018	$1.08T	$59.53B	18.2×	+1.8×	Sep 29, 2018
2017	$793.63B	$48.35B	16.4×	+3.2×	Sep 30, 2017
2016	$604.96B	$45.69B	13.2×	+1.1×	Sep 24, 2016
2015	$650.66B	$53.39B	12.2×	-2.9×	Sep 26, 2015
2014	$597.89B	$39.51B	15.1×	+3.1×	Sep 27, 2014
2013	$446.68B	$37.04B	12.1×	-2.6×	Sep 28, 2013
2012	$603.29B	$41.02B	14.7×	+0.2×	Sep 29, 2012
2011	$375.32B	$25.92B	14.5×	-4.6×	Sep 24, 2011
2010	$267.34B	$14.01B	19.1×	-3.1×	Sep 25, 2010
2009	$163.69B	$7.37B	22.2×	-1.3×	Sep 26, 2009
2008	$113.76B	$4.83B	23.5×	-14.7×	Sep 27, 2008
2007	$133.63B	$3.50B	38.2×	+5.2×	Sep 29, 2007
2006	$65.75B	$1.99B	33.1×	+0.3×	Sep 30, 2006
2005	$43.70B	$1.33B	32.8×	-19.1×	Sep 24, 2005
2004	$14.30B	$276.00M	51.8×	-56.8×	Sep 25, 2004
2003	$7.49B	$69.00M	108.6×	+27.4×	Sep 27, 2003
2002	$5.28B	$65.00M	81.2×	—	Sep 28, 2002


NXP Semiconductors (NXPI)	17.9×
Uber (UBER)	17.3×
Broadridge Financial Solutions (BR)	17.2×
NetApp (NTAP)	16.8×
Accenture (ACN)	16.8×
Corpay (CPAY)	16.7×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Adobe (ADBE)	14.9×
CDW (CDW)	14.5×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Lyft (LYFT)	1.8×

P/E Ratio for Apple (AAPL)

P/E Ratio daily chart for Apple (AAPL)

Historical P/E Ratio for Apple (AAPL) from 2002 to 2025

About P/E Ratio at Apple (AAPL)

Apple P/E Ratio by Year

Apple P/E Ratio 2025: 34.1×

Apple P/E Ratio 2024: 36.9×

Apple P/E Ratio 2023: 27.5×

Apple P/E Ratio 2022: 24.2×

Apple P/E Ratio 2021: 25.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Apple (AAPL) Key Financials

P/E Ratio daily chart for Apple (AAPL)

Historical P/E Ratio for Apple (AAPL) from 2002 to 2025

About P/E Ratio at Apple (AAPL)

Apple P/E Ratio by Year

Apple P/E Ratio 2025: 34.1×

Apple P/E Ratio 2024: 36.9×

Apple P/E Ratio 2023: 27.5×

Apple P/E Ratio 2022: 24.2×

Apple P/E Ratio 2021: 25.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Apple's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Apple?

+Is Apple's P/E ratio high or low?

+What is Apple's historical P/E ratio range?

+What was Apple's P/E ratio in 2025?

+Why does Apple's P/E ratio change over time?

Apple (AAPL) Key Financials