Apple (AAPL) Forward PE Ratio (2024)

What is Apple Forward PE Ratio?

Apple's Forward PE Ratio for today is 29.73.

Apple's PE Ratio without NRI for today is 33.87.

Apple's PE Ratio for today is 33.87.

Apple Forward PE Ratio Historical Data

The historical data trend for Apple's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Forward PE Ratio Chart

Apple Annual Data
	Trend	2015-12	2016-12	2017-12	2018-12	2019-12	2020-12	2021-12	2022-12	2023-12	2024-08
Forward PE Ratio											10.56	12.90	14.90	11.96	21.88	33.44	31.65	21.28	29.15	30.55

Apple Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03	2024-06
Forward PE Ratio	10.56	10.31	10.42	12.66	12.90	16.13	13.95	14.25	14.90	14.97	14.43	16.69	11.96	16.58	15.97	16.89	21.88	19.16	23.58	29.15	33.44	28.33	25.00	26.39	31.65	29.24	22.32	21.83	21.28	27.86	29.41	25.77	29.15	26.32	28.65

Competitive Comparison of Apple's Forward PE Ratio

For the Consumer Electronics subindustry, Apple's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Apple's Forward PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apple's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Apple's Forward PE Ratio falls into.

Apple Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Apple(NAS:AAPL) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Apple Forward PE Ratio Related Terms

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Apple Business Description

Industry

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Traded in Other Exchanges

AAPL:Ukraine AAPL:Peru AAPL:Mexico 1AAPL:Italy APCd:UK 0R2V:UK APC8:Germany APC:Germany APC:Germany APC:Germany APC:Germany AAPL:Chile AAPL:Canada AAPL34:Brazil APC:Bulgaria AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.