Question 1

What is Apple's P/S ratio?

Accepted Answer

Apple (AAPL) P/S ratio is 10.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Apple?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Apple specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

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

Accepted Answer

Apple's P/S ratio of 10.1× is above its own 5-year average of 7.5× and above the sector median of 5.7×. That places the current reading at the 99th 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/S ratio range?

Accepted Answer

In the available daily series, Apple (AAPL) P/S ratio has ranged from a low of 0.9× in 2002 to a high of 10.3× in 2025. The 5-year average is 7.5× and the 5-year median is 7.5×.

Question 7

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

Accepted Answer

Apple (AAPL) P/S ratio at the end of 2025 was 9.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$416.16B	9.2×	+0.3×	Sep 27, 2025
2024	$3.46T	$391.04B	8.8×	+1.9×	Sep 28, 2024
2023	$2.67T	$383.29B	7.0×	+0.9×	Sep 30, 2023
2022	$2.41T	$394.33B	6.1×	-0.5×	Sep 24, 2022
2021	$2.42T	$365.82B	6.6×	-0.4×	Sep 25, 2021
2020	$1.92T	$274.51B	7.0×	+3.1×	Sep 26, 2020
2019	$1.01T	$260.17B	3.9×	-0.2×	Sep 28, 2019
2018	$1.08T	$265.60B	4.1×	+0.6×	Sep 29, 2018
2017	$793.63B	$229.23B	3.5×	+0.7×	Sep 30, 2017
2016	$604.96B	$215.64B	2.8×	+0.0×	Sep 24, 2016
2015	$650.66B	$233.72B	2.8×	-0.5×	Sep 26, 2015
2014	$597.89B	$182.79B	3.3×	+0.7×	Sep 27, 2014
2013	$446.68B	$170.91B	2.6×	-1.2×	Sep 28, 2013
2012	$603.29B	$158.01B	3.8×	+0.4×	Sep 29, 2012
2011	$375.32B	$108.25B	3.5×	-0.6×	Sep 24, 2011
2010	$267.34B	$65.22B	4.1×	+0.1×	Sep 25, 2010
2009	$163.69B	$40.57B	4.0×	+0.5×	Sep 26, 2009
2008	$113.76B	$32.48B	3.5×	-2.1×	Sep 27, 2008
2007	$133.63B	$24.01B	5.6×	+2.2×	Sep 29, 2007
2006	$65.75B	$19.32B	3.4×	+0.3×	Sep 30, 2006
2005	$43.70B	$13.93B	3.1×	+1.4×	Sep 24, 2005
2004	$14.30B	$8.28B	1.7×	+0.5×	Sep 25, 2004
2003	$7.49B	$6.21B	1.2×	+0.3×	Sep 27, 2003
2002	$5.28B	$5.74B	0.9×	—	Sep 28, 2002


DocuSign (DOCU)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Celestica (CLS)	2.3×
EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for Apple (AAPL)

P/S Ratio daily chart for Apple (AAPL)

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

About P/S Ratio at Apple (AAPL)

Apple P/S Ratio by Year

Apple P/S Ratio 2025: 9.2×

Apple P/S Ratio 2024: 8.8×

Apple P/S Ratio 2023: 7.0×

Apple P/S Ratio 2022: 6.1×

Apple P/S Ratio 2021: 6.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Apple (AAPL) Key Financials

P/S Ratio daily chart for Apple (AAPL)

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

About P/S Ratio at Apple (AAPL)

Apple P/S Ratio by Year

Apple P/S Ratio 2025: 9.2×

Apple P/S Ratio 2024: 8.8×

Apple P/S Ratio 2023: 7.0×

Apple P/S Ratio 2022: 6.1×

Apple P/S Ratio 2021: 6.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Apple's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Apple (AAPL) Key Financials