Apple Inc (AAPL) valuation
Apple P/E ratio history
Apple trades at 39.6 times its earnings over the last twelve months and 36.8 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 13.6 (year to Sep 2016) to 37.5 (year to Sep 2024), with a median of 25.4.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Sep 27, 2025 | $255.46 | $7.46 | 34.2 | 31.8 |
| Sep 28, 2024 | $227.79 | $6.08 | 37.5 | 31.5 |
| Sep 30, 2023 | $171.21 | $6.13 | 27.9 | 26.5 |
| Sep 24, 2022 | $150.43 | $6.11 | 24.6 | 23.7 |
| Sep 25, 2021 | $146.92 | $5.61 | 26.2 | 25.9 |
| Sep 26, 2020 | $112.28 | $3.27 | 34.3 | — |
| Sep 28, 2019 | $54.70 | $2.97 | 18.4 | — |
| Sep 29, 2018 | $56.44 | $2.97 | 19.0 | — |
| Sep 30, 2017 | $38.53 | $2.30 | 16.8 | — |
| Sep 24, 2016 | $28.18 | $2.07 | 13.6 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Apple valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| AppleAAPL | $5.06T | 39.6 | 36.8 | 10.8 |
| Dell TechnologiesDELL | $275B | 24.7 | 15.1 | 1.8 |
| GarminGRMN | $52.6B | 26.2 | 24.5 | 6.7 |
| HPHPQ | $26.3B | 11.0 | 9.1 | 0.4 |
| SonosSONO | $1.93B | 35.2 | 12.6 | 1.3 |
| Peer median | 25.4 | 13.9 | 1.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: AAPL financials · AAPL returns
No forecast, no recommendation. This page describes Apple Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.