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Apple Shiller PE Ratio

: 31.53 (As of Today)
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As of today (2020-04-07), Apple's current share price is $267.07. Apple's E10 for the quarter that ended in Dec. 2019 was $8.47. Apple's Shiller PE Ratio for today is 31.53.

NAS:AAPL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.56   Med: 32.93   Max: 85.98
Current: 32.05

20.56
85.98

During the past years, Apple's highest Shiller PE Ratio was 85.98. The lowest was 20.56. And the median was 32.93.

NAS:AAPL's Shiller PE Ratio is ranked lower than
71% of the 1024 Companies
in the Hardware industry.

( Industry Median: 16.37 vs. NAS:AAPL: 32.05 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Apple's adjusted earnings per share data for the three months ended in Dec. 2019 was $4.990. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.47 for the trailing ten years ended in Dec. 2019.


Apple Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Apple Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.95 24.35 27.32 33.02 27.90

Apple Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.87 25.33 25.52 27.90 34.69

Competitive Comparison
* 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.


Apple Shiller PE Ratio Distribution

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



Apple Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Apple's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=267.07/8.47
=31.53

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Apple's E10 for the quarter that ended in Dec. 2019 is calculated as:

For example, Apple's adjusted earnings per share data for the three months ended in Dec. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=4.99/257.14*257.14
=4.990

Current CPI (Dec. 2019) = 257.14.

Apple Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201003 0.476 217.630 0.562
201006 0.501 217.970 0.592
201009 0.663 218.440 0.780
201012 0.919 219.180 1.078
201103 0.914 223.470 1.052
201106 1.113 225.720 1.268
201109 1.007 226.890 1.141
201112 1.981 225.670 2.258
201203 1.757 229.390 1.970
201206 1.331 229.480 1.492
201209 1.239 231.410 1.376
201212 1.973 229.600 2.210
201303 1.441 232.770 1.592
201306 1.070 233.500 1.178
201309 1.180 234.150 1.296
201312 2.070 233.050 2.284
201403 1.660 236.290 1.806
201406 1.280 238.340 1.381
201409 1.420 238.030 1.534
201412 3.060 234.810 3.351
201503 2.330 236.120 2.537
201506 1.850 238.640 1.993
201509 1.960 237.940 2.118
201512 3.280 236.530 3.566
201603 1.900 238.130 2.052
201606 1.420 241.020 1.515
201609 1.670 241.430 1.779
201612 3.360 241.430 3.579
201703 2.100 243.800 2.215
201706 1.670 244.960 1.753
201709 2.070 246.820 2.157
201712 3.890 246.520 4.058
201803 2.730 249.550 2.813
201806 2.340 251.990 2.388
201809 2.910 252.440 2.964
201812 4.180 251.230 4.278
201903 2.460 254.200 2.488
201906 2.180 256.140 2.189
201909 3.030 256.760 3.034
201912 4.990 257.140 4.990

Add all the adjusted EPS together and divide 10 will get our E10.


Apple  (NAS:AAPL) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Apple Shiller PE Ratio Related Terms


Apple Shiller PE Ratio Headlines

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