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Apple Shiller PE Ratio

: 43.32 (As of Today)
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As of today (2022-06-24), Apple's current share price is $141.66. Apple's E10 for the quarter that ended in Mar. 2022 was $3.27. Apple's Shiller PE Ratio for today is 43.32.

The historical rank and industry rank for Apple's Shiller PE Ratio or its related term are showing as below:

AAPL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 20.59   Med: 32.79   Max: 64.66
Current: 43.37

During the past years, Apple's highest Shiller PE Ratio was 64.66. The lowest was 20.59. And the median was 32.79.

AAPL's Shiller PE Ratio is ranked worse than
74.94% of 1277 companies
in the Hardware industry
Industry Median: 22.32 vs AAPL: 43.37

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. 2022 was $1.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.27 for the trailing ten years ended in Mar. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Shiller PE Ratio Historical Data

The historical data trend for Apple's Shiller 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 Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.37 32.98 27.92 50.40 49.17

Apple Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 47.09 49.67 49.17 57.77 53.46

Competitive Comparison

For the Consumer Electronics subindustry, Apple's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio Distribution

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

* 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
=141.66/3.27
=43.32

* 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.

Apple's E10 for the quarter that ended in Mar. 2022 is calculated as:

For example, Apple's adjusted earnings per share data for the three months ended in Mar. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2022 (Change)*Current CPI (Mar. 2022)
=1.52/121.3010*121.3010
=1.520

Current CPI (Mar. 2022) = 121.3010.

Apple Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201206 0.333 96.819 0.417
201209 0.310 97.633 0.385
201212 0.493 96.871 0.617
201303 0.360 98.209 0.445
201306 0.268 98.518 0.330
201309 0.295 98.790 0.362
201312 0.518 98.326 0.639
201403 0.415 99.695 0.505
201406 0.320 100.560 0.386
201409 0.355 100.428 0.429
201412 0.765 99.070 0.937
201503 0.583 99.621 0.710
201506 0.463 100.684 0.558
201509 0.490 100.392 0.592
201512 0.820 99.792 0.997
201603 0.475 100.470 0.573
201606 0.355 101.688 0.423
201609 0.418 101.861 0.498
201612 0.840 101.863 1.000
201703 0.525 102.862 0.619
201706 0.418 103.349 0.491
201709 0.518 104.136 0.603
201712 0.973 104.011 1.135
201803 0.683 105.290 0.787
201806 0.585 106.317 0.667
201809 0.728 106.507 0.829
201812 1.045 105.998 1.196
201903 0.615 107.251 0.696
201906 0.545 108.070 0.612
201909 0.758 108.329 0.849
201912 1.250 108.420 1.399
202003 0.640 108.902 0.713
202006 0.650 108.767 0.725
202009 0.730 109.815 0.806
202012 1.680 109.897 1.854
202103 1.400 111.754 1.520
202106 1.300 114.631 1.376
202109 1.240 115.734 1.300
202112 2.100 117.630 2.166
202203 1.520 121.301 1.520

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

Thank you for viewing the detailed overview of Apple's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Apple Business Description

Apple logo
Industry
Technology » Hardware NAICS : 334220 SIC : 3571
Address
One Apple Park Way, Cupertino, CA, USA, 95014
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.
Executives
Kondo Chris officer: Principal Accounting Officer 1 INFINITE LOOP CUPERTINO CA 95014
Maestri Luca officer: Senior Vice President, CFO 1 INFINITE LOOP CUPERTINO CA 95014
Adams Katherine L. officer: SVP, GC and Secretary APPLE INC. 1 INFINITE LOOP CUPERTINO CA 95014
Williams Jeffrey E officer: COO ONE INFINITE LOOP CUPERTINO CA 95014
Cook Timothy D director, officer: Chief Executive Officer C/O APPLE INC ONE INFINITE LOOP CUPERTINO CA 95014
Jung Andrea director C/O APPLE INC ONE APPLE PARK WAY CUPERTINO CA 95014
Wagner Susan director C/O BLACKROCK, INC. 40 EAST 52ND STREET NEW YORK NY 10022
Bell James A director C/O THE DOW CHEMICAL COMPANY 2211 H.H. DOW WAY MIDLAND MI 48674
Levinson Arthur D director C/O GENENTECH INC 1 DNA WAY MS 49 SOUTH SAN FRANCISCO CA 94080-4990
Sugar Ronald D director 10877 WILSHIRE BLVD. SUITE 1650 LOS ANGELES CA 900274
Gore Albert Jr director C/O APPLE INC 1 INFINITE LOOP CUPERTINO CA 95014
Iger Robert A director C/O WALT DISNEY CO 500 S BUENA VISTA STREET BURBANK CA 91521-1062
Ahrendts Angela J officer: Senior Vice President 1 INFINITE LOOP CUPERTINO CA 95014
Srouji Johny officer: Senior Vice President 1 INFINITE LOOP CUPERTINO CA 95014
Federighi Craig officer: Senior Vice President 807 11TH AVENUE SUNNYVALE CA 94089

Apple Headlines

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