Price to Earnings (P/E)
since 2005
Calculation
Apple Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 1, 2024 | 35.95 | = | 222.91 | ÷ | 6.20 | 6.20 | = | 93,736 | ÷ | 15,115,823,000 | |
| Nov 3, 2023 | 28.33 | = | 176.65 | ÷ | 6.24 | 6.24 | = | 96,995 | ÷ | 15,552,752,000 | |
| Oct 28, 2022 | 24.82 | = | 155.74 | ÷ | 6.27 | 6.27 | = | 99,803 | ÷ | 15,908,118,000 | |
| Oct 29, 2021 | 25.96 | = | 149.80 | ÷ | 5.77 | 5.77 | = | 94,680 | ÷ | 16,406,397,000 | |
| Oct 30, 2020 | 32.24 | = | 108.86 | ÷ | 3.38 | 3.38 | = | 57,411 | ÷ | 17,001,802,000 | |
| Oct 31, 2019 | 20.00 | = | 62.19 | ÷ | 3.11 | 3.11 | = | 55,256 | ÷ | 17,773,060,000 | |
| Nov 5, 2018 | 16.07 | = | 50.40 | ÷ | 3.14 | 3.14 | = | 59,531 | ÷ | 18,981,592,000 | |
| Nov 3, 2017 | 18.32 | = | 43.13 | ÷ | 2.35 | 2.35 | = | 48,351 | ÷ | 20,537,248,000 | |
| Oct 26, 2016 | 13.49 | = | 28.90 | ÷ | 2.14 | 2.14 | = | 45,687 | ÷ | 21,329,252,000 | |
| Oct 28, 2015 | 12.46 | = | 29.82 | ÷ | 2.39 | 2.39 | = | 53,394 | ÷ | 22,301,324,000 | |
| Oct 27, 2014 | 15.60 | = | 26.28 | ÷ | 1.68 | 1.68 | = | 39,510 | ÷ | 23,459,360,000 | |
| Oct 30, 2013 | 12.75 | = | 18.75 | ÷ | 1.47 | 1.47 | = | 37,037 | ÷ | 25,192,664,000 | |
| Oct 31, 2012 | 13.42 | = | 21.26 | ÷ | 1.58 | 1.58 | = | 41,733 | ÷ | 26,339,376,000 | |
| Oct 26, 2011 | 14.37 | = | 14.31 | ÷ | 1.00 | 1.00 | = | 25,922 | ÷ | 26,023,452,000 | |
| Oct 27, 2010 | 20.16 | = | 11.00 | ÷ | 0.55 | 0.55 | = | 14,013 | ÷ | 25,684,598,772 | |
| Oct 27, 2009 | 31.17 | = | 7.05 | ÷ | 0.23 | 0.23 | = | 5,704 | ÷ | 25,218,997,244 | |
| Nov 5, 2008 | 19.00 | = | 3.69 | ÷ | 0.19 | 0.19 | = | 4,834 | ÷ | 24,890,183,444 | |
| Nov 15, 2007 | 41.16 | = | 5.87 | ÷ | 0.14 | 0.14 | = | 3,496 | ÷ | 24,515,127,672 | |
| Dec 29, 2006 | 36.65 | = | 3.03 | ÷ | 0.08 | 0.08 | = | 1,989 | ÷ | 24,059,665,196 | |
| Dec 1, 2005 | 45.25 | = | 2.56 | ÷ | 0.06 | 0.06 | = | 1,335 | ÷ | 23,597,502,544 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Apple Inc. Annual Report.
Comparison to Competitors
Apple Inc., P/E, long-term trends, comparison to competitors
| Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|
| Nov 1, 2024 | 35.95 | — | 19.00 | — |
| Nov 3, 2023 | 28.33 | 39.77 | 18.26 | 21.10 |
| Oct 28, 2022 | 24.82 | 32.05 | 15.78 | 12.72 |
| Oct 29, 2021 | 25.96 | 47.56 | 23.34 | 16.15 |
| Oct 30, 2020 | 32.24 | 37.41 | 15.46 | 17.04 |
| Oct 31, 2019 | 20.00 | 19.88 | 17.69 | 15.81 |
| Nov 5, 2018 | 16.07 | 60.92 | 1,964.84 | 24.38 |
| Nov 3, 2017 | 18.32 | 43.58 | 16.37 | 14.85 |
| Oct 26, 2016 | 13.49 | 45.91 | 14.69 | 14.46 |
| Oct 28, 2015 | 12.46 | 38.16 | 14.82 | 12.64 |
| Oct 27, 2014 | 15.60 | 52.57 | 16.14 | 22.18 |
| Oct 30, 2013 | 12.75 | — | 12.98 | 26.49 |
| Oct 31, 2012 | 13.42 | — | 12.55 | 18.42 |
| Oct 26, 2011 | 14.37 | — | 13.54 | 12.74 |
| Oct 27, 2010 | 20.16 | — | 15.56 | 13.73 |
| Oct 27, 2009 | 31.17 | — | 21.79 | 17.29 |
| Nov 5, 2008 | 19.00 | — | 16.35 | 13.14 |
| Nov 15, 2007 | 41.16 | — | 26.61 | 13.15 |
| Dec 29, 2006 | 36.65 | — | 24.85 | — |
| Dec 1, 2005 | 45.25 | — | 19.86 | — |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
Comparison to Sector (Technology Hardware & Equipment)
Apple Inc., P/E, long-term trends, comparison to sector (technology hardware & equipment)
| Apple Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Nov 1, 2024 | 35.95 | — |
| Nov 3, 2023 | 28.33 | 27.37 |
| Oct 28, 2022 | 24.82 | 23.94 |
| Oct 29, 2021 | 25.96 | 25.86 |
| Oct 30, 2020 | 32.24 | 29.55 |
| Oct 31, 2019 | 20.00 | 19.60 |
| Nov 5, 2018 | 16.07 | 19.89 |
| Nov 3, 2017 | 18.32 | 18.18 |
| Oct 26, 2016 | 13.49 | 13.83 |
| Oct 28, 2015 | 12.46 | 12.84 |
| Oct 27, 2014 | 15.60 | 15.77 |
| Oct 30, 2013 | 12.75 | 12.81 |
| Oct 31, 2012 | 13.42 | 13.28 |
| Oct 26, 2011 | 14.37 | 14.20 |
| Oct 27, 2010 | 20.16 | 18.52 |
| Oct 27, 2009 | 31.17 | 26.30 |
| Nov 5, 2008 | 19.00 | 17.34 |
| Nov 15, 2007 | 41.16 | 31.28 |
| Dec 29, 2006 | 36.65 | 27.95 |
| Dec 1, 2005 | 45.25 | 24.65 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).
Comparison to Industry (Information Technology)
Apple Inc., P/E, long-term trends, comparison to industry (information technology)
| Apple Inc. | Information Technology | |
|---|---|---|
| Nov 1, 2024 | 35.95 | — |
| Nov 3, 2023 | 28.33 | 35.72 |
| Oct 28, 2022 | 24.82 | 27.05 |
| Oct 29, 2021 | 25.96 | 29.31 |
| Oct 30, 2020 | 32.24 | 31.09 |
| Oct 31, 2019 | 20.00 | 22.67 |
| Nov 5, 2018 | 16.07 | 23.23 |
| Nov 3, 2017 | 18.32 | 23.57 |
| Oct 26, 2016 | 13.49 | 19.57 |
| Oct 28, 2015 | 12.46 | 16.46 |
| Oct 27, 2014 | 15.60 | 17.02 |
| Oct 30, 2013 | 12.75 | 14.09 |
| Oct 31, 2012 | 13.42 | 14.45 |
| Oct 26, 2011 | 14.37 | 13.82 |
| Oct 27, 2010 | 20.16 | 15.09 |
| Oct 27, 2009 | 31.17 | 21.36 |
| Nov 5, 2008 | 19.00 | 15.77 |
| Nov 15, 2007 | 41.16 | 36.48 |
| Dec 29, 2006 | 36.65 | 31.99 |
| Dec 1, 2005 | 45.25 | 33.65 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).