Price to Operating Profit (P/OP)
since 2005
Calculation
Apple Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 1, 2024 | 27.35 | = | 222.91 | ÷ | 8.15 | 8.15 | = | 123,216 | ÷ | 15,115,823,000 | |
| Nov 3, 2023 | 24.04 | = | 176.65 | ÷ | 7.35 | 7.35 | = | 114,301 | ÷ | 15,552,752,000 | |
| Oct 28, 2022 | 20.74 | = | 155.74 | ÷ | 7.51 | 7.51 | = | 119,437 | ÷ | 15,908,118,000 | |
| Oct 29, 2021 | 22.56 | = | 149.80 | ÷ | 6.64 | 6.64 | = | 108,949 | ÷ | 16,406,397,000 | |
| Oct 30, 2020 | 27.92 | = | 108.86 | ÷ | 3.90 | 3.90 | = | 66,288 | ÷ | 17,001,802,000 | |
| Oct 31, 2019 | 17.29 | = | 62.19 | ÷ | 3.60 | 3.60 | = | 63,930 | ÷ | 17,773,060,000 | |
| Nov 5, 2018 | 13.49 | = | 50.40 | ÷ | 3.74 | 3.74 | = | 70,898 | ÷ | 18,981,592,000 | |
| Nov 3, 2017 | 14.44 | = | 43.13 | ÷ | 2.99 | 2.99 | = | 61,344 | ÷ | 20,537,248,000 | |
| Oct 26, 2016 | 10.27 | = | 28.90 | ÷ | 2.81 | 2.81 | = | 60,024 | ÷ | 21,329,252,000 | |
| Oct 28, 2015 | 9.34 | = | 29.82 | ÷ | 3.19 | 3.19 | = | 71,230 | ÷ | 22,301,324,000 | |
| Oct 27, 2014 | 11.74 | = | 26.28 | ÷ | 2.24 | 2.24 | = | 52,503 | ÷ | 23,459,360,000 | |
| Oct 30, 2013 | 9.64 | = | 18.75 | ÷ | 1.94 | 1.94 | = | 48,999 | ÷ | 25,192,664,000 | |
| Oct 31, 2012 | 10.14 | = | 21.26 | ÷ | 2.10 | 2.10 | = | 55,241 | ÷ | 26,339,376,000 | |
| Oct 26, 2011 | 11.02 | = | 14.31 | ÷ | 1.30 | 1.30 | = | 33,790 | ÷ | 26,023,452,000 | |
| Oct 27, 2010 | 15.37 | = | 11.00 | ÷ | 0.72 | 0.72 | = | 18,385 | ÷ | 25,684,598,772 | |
| Oct 27, 2009 | 23.22 | = | 7.05 | ÷ | 0.30 | 0.30 | = | 7,658 | ÷ | 25,218,997,244 | |
| Nov 5, 2008 | 14.64 | = | 3.69 | ÷ | 0.25 | 0.25 | = | 6,275 | ÷ | 24,890,183,444 | |
| Nov 15, 2007 | 32.64 | = | 5.87 | ÷ | 0.18 | 0.18 | = | 4,409 | ÷ | 24,515,127,672 | |
| Dec 29, 2006 | 29.72 | = | 3.03 | ÷ | 0.10 | 0.10 | = | 2,453 | ÷ | 24,059,665,196 | |
| Dec 1, 2005 | 36.61 | = | 2.56 | ÷ | 0.07 | 0.07 | = | 1,650 | ÷ | 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/OP, long-term trends, comparison to competitors
| Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|
| Nov 1, 2024 | 27.35 | — | 16.10 | — |
| Nov 3, 2023 | 24.04 | 36.77 | 15.32 | 17.74 |
| Oct 28, 2022 | 20.74 | 28.38 | 13.35 | 10.82 |
| Oct 29, 2021 | 22.56 | 43.25 | 19.26 | 14.57 |
| Oct 30, 2020 | 27.92 | 33.92 | 12.73 | 16.77 |
| Oct 31, 2019 | 17.29 | 21.21 | 14.46 | 11.69 |
| Nov 5, 2018 | 13.49 | 73.13 | 17.56 | 11.88 |
| Nov 3, 2017 | 14.44 | 39.22 | 13.14 | 10.46 |
| Oct 26, 2016 | 10.27 | 34.74 | 12.46 | 9.74 |
| Oct 28, 2015 | 9.34 | 30.95 | 12.36 | 8.78 |
| Oct 27, 2014 | 11.74 | 36.38 | 13.57 | 14.97 |
| Oct 30, 2013 | 9.64 | — | 11.57 | 20.76 |
| Oct 31, 2012 | 10.14 | — | 10.03 | 11.95 |
| Oct 26, 2011 | 11.02 | — | 11.45 | 8.73 |
| Oct 27, 2010 | 15.37 | — | 13.19 | 9.07 |
| Oct 27, 2009 | 23.22 | — | 18.26 | 11.98 |
| Nov 5, 2008 | 14.64 | — | 13.94 | 8.30 |
| Nov 15, 2007 | 32.64 | — | 22.64 | 8.51 |
| Dec 29, 2006 | 29.72 | — | 19.82 | — |
| Dec 1, 2005 | 36.61 | — | 15.37 | — |
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).