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Apple Shiller PE Ratio

: 44.35 (As of Today)
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As of today (2020-07-09), Apple's current share price is USD 382.73. Apple's E10 for the quarter that ended in Mar. 2020 was USD 8.63. Apple's Shiller PE Ratio for today is 44.35.

NAS:AAPL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.62   Med: 32.85   Max: 85.98
Current: 44.37

20.62
85.98

During the past years, Apple's highest Shiller PE Ratio was 85.98. The lowest was 20.62. And the median was 32.85.

NAS:AAPL's Shiller PE Ratio is ranked lower than
75% of the 1210 Companies
in the Hardware industry.

( Industry Median: 20.39 vs. NAS:AAPL: 44.37 )

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 Mar. 2020 was USD 2.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is USD 8.63 for the trailing ten years ended in Mar. 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 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 29.00 24.25 27.43 32.98 27.92

Apple Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 25.28 25.61 27.92 34.63 29.48

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
=382.73/8.63
=44.35

* 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 Mar. 2020 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=2.55/108.1733*108.1733
=2.550

Current CPI (Mar. 2020) = 108.1733.

Apple Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201006 0.501 91.981 0.590
201009 0.663 92.277 0.777
201012 0.919 92.914 1.069
201103 0.914 94.890 1.042
201106 1.113 95.319 1.263
201109 1.007 95.529 1.140
201112 1.981 95.632 2.241
201203 1.757 97.075 1.958
201206 1.331 96.661 1.490
201209 1.239 97.595 1.373
201212 1.973 97.158 2.197
201303 1.441 98.107 1.589
201306 1.070 98.557 1.174
201309 1.180 98.536 1.295
201312 2.070 98.692 2.269
201403 1.660 100.023 1.795
201406 1.280 100.520 1.377
201409 1.420 100.176 1.533
201412 3.060 98.604 3.357
201503 2.330 99.824 2.525
201506 1.850 100.691 1.987
201509 1.960 100.346 2.113
201512 3.280 99.957 3.550
201603 1.900 100.947 2.036
201606 1.420 101.524 1.513
201609 1.670 101.988 1.771
201612 3.360 102.456 3.547
201703 2.100 103.167 2.202
201706 1.670 103.278 1.749
201709 2.070 104.070 2.152
201712 3.890 104.578 4.024
201803 2.730 105.708 2.794
201806 2.340 106.324 2.381
201809 2.910 106.695 2.950
201812 4.180 106.200 4.258
201903 2.460 107.818 2.468
201906 2.180 108.250 2.178
201909 3.030 108.577 3.019
201912 4.990 108.841 4.959
202003 2.550 108.173 2.550

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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