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Apple Shiller PE Ratio

: 54.51 (As of Today)
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As of today (2021-04-11), Apple's current share price is $132.995000. Apple's E10 for the quarter that ended in Dec. 2020 was $2.44. Apple's Shiller PE Ratio for today is 54.51.

NAS:AAPL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.59   Med: 32.79   Max: 81.58
Current: 54.38

20.59
81.58

During the past years, Apple's highest Shiller PE Ratio was 81.58. The lowest was 20.59. And the median was 32.79.

NAS:AAPL's Shiller PE Ratio is ranked lower than
76% of the 1235 Companies
in the Hardware industry.

( Industry Median: 27.03 vs. NAS:AAPL: 54.38 )

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. 2020 was $1.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.44 for the trailing ten years ended in Dec. 2020.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.24 27.43 32.98 27.92 50.50

Apple Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 34.63 29.48 40.91 50.50 54.28

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
=132.995000/2.44
=54.51

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Apple's E10 for the quarter that ended in Dec. 2020 is calculated as:

For example, Apple's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=1.68/110.3642*110.3642
=1.680

Current CPI (Dec. 2020) = 110.3642.

Apple Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201103 0.229 94.890 0.266
201106 0.278 95.319 0.322
201109 0.252 95.529 0.291
201112 0.495 95.632 0.572
201203 0.439 97.075 0.499
201206 0.333 96.661 0.380
201209 0.310 97.595 0.350
201212 0.493 97.158 0.560
201303 0.360 98.107 0.405
201306 0.268 98.557 0.300
201309 0.295 98.536 0.330
201312 0.518 98.692 0.579
201403 0.415 100.023 0.458
201406 0.320 100.520 0.351
201409 0.355 100.176 0.391
201412 0.765 98.604 0.856
201503 0.583 99.824 0.644
201506 0.463 100.691 0.507
201509 0.490 100.346 0.539
201512 0.820 99.957 0.905
201603 0.475 100.947 0.519
201606 0.355 101.524 0.386
201609 0.418 101.988 0.452
201612 0.840 102.456 0.905
201703 0.525 103.167 0.562
201706 0.418 103.278 0.446
201709 0.518 104.070 0.549
201712 0.973 104.578 1.026
201803 0.683 105.708 0.713
201806 0.585 106.324 0.607
201809 0.728 106.695 0.753
201812 1.045 106.200 1.086
201903 0.615 107.818 0.630
201906 0.545 108.250 0.556
201909 0.758 108.577 0.770
201912 1.250 108.841 1.267
202003 0.638 108.173 0.650
202006 0.645 109.318 0.651
202009 0.730 109.861 0.733
202012 1.680 110.364 1.680

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

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


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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