P/E ratio as of December 2023 (TTM): 31.4
According to Apple's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.4253.At the end of 2022 the company had a P/E ratio of 21.9.
P/E ratio history for Apple from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.9 | -24.85% |
| 2021 | 29.2 | -17.74% |
| 2020 | 35.5 | 54.27% |
| 2019 | 23.0 | 79.01% |
| 2018 | 12.9 | -25.63% |
| 2017 | 17.3 | 25.37% |
| 2016 | 13.8 | 24.05% |
| 2015 | 11.1 | -24.78% |
| 2014 | 14.8 | 6.86% |
| 2013 | 13.8 | 15.79% |
| 2012 | 11.9 | 4.8% |
| 2011 | 11.4 | -35.67% |
| 2010 | 17.7 | -26.11% |
| 2009 | 24.0 | 95.22% |
| 2008 | 12.3 | -71.05% |
| 2007 | 42.4 | 42.48% |
| 2006 | 29.8 | -19.25% |
| 2005 | 36.9 | -26.73% |
| 2004 | 50.3 | -8.18% |
| 2003 | 54.8 | -80.88% |
| 2002 | 287 | 672.02% |
| 2001 | 37.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
Microsoft MSFT | 36.2 | 15.27% | 🇺🇸 USA |
Amazon AMZN | 78.3 | 149.02% | 🇺🇸 USA |
Alphabet (Google) GOOG | 26.9 | -14.37% | 🇺🇸 USA |
Netflix NFLX | 48.1 | 53.03% | 🇺🇸 USA |
HP HPQ | 12.9 | -58.92% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.
