Apple Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Apple Inc. (AAPL), the latest P/E of 38.9 frames valuation, while ROE 137.18% and ROIC 51.87% indicates profitability and capital efficiency. Together with the current ratio of 1.00 and debt-to-equity 0.78, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

AAPL Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$31.77$27.84$25.48$24.34$24.32$21.90$15.82$14.09$13.40$10.98
Net Income per Share$8.78$7.49$6.11$6.16$6.15$5.67$3.31$2.99$3.00$2.32
Operating Cash Flow per Share$9.99$7.46$7.71$7.02$7.53$6.23$4.65$3.76$3.91$3.08
Free Cash Flow per Share$9.30$6.61$7.09$6.33$6.87$5.57$4.23$3.19$3.23$2.46
Cash per Share$4.25$3.66$4.25$3.91$2.98$3.75$5.24$5.44$3.34$3.55
Book Value per Share$7.32$4.93$3.71$3.95$3.12$3.78$3.77$4.90$5.41$6.42
Tangible Book Value per Share$5.93$4.93$3.71$3.95$3.12$3.78$3.77$4.90$5.41$6.04
Interest Debt per Share$5.74$7.52$7.76$8.12$8.35$8.33$7.21$6.04$5.94$5.65
CAPEX per Share$0.68$0.85$0.62$0.70$0.66$0.66$0.42$0.57$0.67$0.61

AAPL Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)38.9234.0937.2927.7924.4425.9233.9418.2918.7916.63
Price to Book (P/B)46.5951.7961.3743.3748.1438.8929.8211.1710.446
Price to Sales (P/S)10.739.188.947.036.196.717.13.884.213.51
Enterprise Value to EBITDA29.9926.9926.6222.1719.1420.7525.0913.0713.8711.75
EV to Sales10.829.379.177.286.466.997.44.114.553.92
EV to Operating Cash Flow34.4434.9630.3125.2320.8624.5625.1915.4215.5914.01
EV to Free Cash Flow36.9739.4632.9428.0122.8727.4927.718.1618.8317.49
Enterprise Value$5052.71B$3897.58B$3584.28B$2789.53B$2548.20B$2555.33B$2032.56B$1069.77B$1207.30B$899.47B

AAPL Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)137.18%151.91%164.59%156.08%196.96%150.07%87.87%61.06%55.56%36.07%
Return on Invested Capital (ROIC)51.87%51.97%44.31%43.39%45.17%38.93%24.27%21.58%21.40%15.80%
Return on Tangible Assets35.53%31.18%25.68%27.51%28.29%26.97%17.73%16.32%16.28%13.16%
Earnings Yield2.57%2.93%2.68%3.60%4.09%3.86%2.95%5.47%5.32%6.01%
Free Cash Flow Yield2.73%2.59%3.11%3.69%4.57%3.79%3.77%5.83%5.73%6.40%
Dividend Yield0.31%0.40%0.44%0.56%0.61%0.59%0.72%1.40%1.23%1.59%

AAPL Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio10.890.870.990.881.071.361.541.131.28
Interest Coverage00029.0640.7541.1923.0717.8821.8826.41
Income Quality1.1411.261.141.221.11.411.261.31.33
Debt to Equity0.781.522.091.992.612.161.871.191.070.86
Debt to Assets22.00%31.28%32.62%35.15%37.56%38.89%37.75%31.92%31.30%30.82%
Net Debt to EBITDA0.270.550.660.750.820.821.040.721.021.25

AAPL Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover7.925.75.96.286.477.17.335.685.426.43
Payables Turnover3.713.163.053.423.493.894.013.52.933.19
Inventory Turnover21.6138.6428.8733.8245.232.3741.7539.441.3929.05
Days Sales Outstanding46.0663.9961.8358.0856.451.3949.7964.2667.3356.8
Days Payables Outstanding98.25115.4119.66106.72104.6993.8591.05104.31124.57114.49
Days of Inventory on Hand16.899.4512.6410.798.0811.288.749.268.8212.56

AAPL Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA29.9926.9926.6222.1719.1420.7525.0913.0713.8711.75
Market Cap$5007.95B$3818.74B$3495.16B$2695.57B$2439.37B$2453.75B$1948.30B$1010.57B$1118.73B$804.08B
Enterprise Value$5052.71B$3897.58B$3584.28B$2789.53B$2548.20B$2555.33B$2032.56B$1069.77B$1207.30B$899.47B
Dividend Yield0.31%0.40%0.44%0.56%0.61%0.59%0.72%1.40%1.23%1.59%
Payout Ratio12.13%13.77%16.25%15.49%14.87%15.28%24.53%25.55%23.03%26.41%

Frequently Asked Questions

How does Apple Inc.’s P/E ratio compare with its history?

On this page, AAPL's current P/E is 38.9, compared with a multi-year average around 27.6. A higher P/E versus its own history is a calculated premium versus that average—not a conclusion that the stock is expensive. Cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so the multiple is read with those published figures.

What is Apple Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $5.01T. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Apple Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Apple Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Apple Inc. compare to its competitors in key financial ratios?

The fastest way to compare Apple Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Apple Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Apple Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Apple Inc. is financially strong. Current ratio is about 1.00, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 0.00, implying less buffer for servicing interest costs. Debt-to-equity is about 0.78, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Apple Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Apple Inc. is sustaining strong returns (for example ROE at 137.18% and ROIC at 51.87%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.