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Apple (XBUL:APC) Cyclically Adjusted PS Ratio : 9.25 (As of May. 25, 2025)


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What is Apple Cyclically Adjusted PS Ratio?

As of today (2025-05-25), Apple's current share price is лв173.64. Apple's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was лв18.77. Apple's Cyclically Adjusted PS Ratio for today is 9.25.

The historical rank and industry rank for Apple's Cyclically Adjusted PS Ratio or its related term are showing as below:

XBUL:APC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.61   Med: 8.41   Max: 14.12
Current: 9.47

During the past years, Apple's highest Cyclically Adjusted PS Ratio was 14.12. The lowest was 4.61. And the median was 8.41.

XBUL:APC's Cyclically Adjusted PS Ratio is ranked worse than
94.52% of 1842 companies
in the Hardware industry
Industry Median: 1.105 vs XBUL:APC: 9.47

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Apple's adjusted revenue per share data for the three months ended in Mar. 2025 was лв10.896. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is лв18.77 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Apple's Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio Chart

Apple Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.11 11.13 8.94 9.71 11.86

Apple Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial 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 9.16 10.98 11.86 12.49 10.78

Competitive Comparison of Apple's Cyclically Adjusted PS Ratio

For the Consumer Electronics subindustry, Apple's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apple's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Apple's Cyclically Adjusted PS Ratio falls into.


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Apple Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Apple's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=173.64/18.77
=9.25

* 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 Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Apple's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.896/134.9266*134.9266
=10.896

Current CPI (Mar. 2025) = 134.9266.

Apple Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 3.696 100.684 4.953
201509 3.898 100.392 5.239
201512 5.833 99.792 7.887
201603 3.924 100.470 5.270
201606 3.329 101.688 4.417
201609 3.736 101.861 4.949
201612 6.325 101.863 8.378
201703 4.324 102.862 5.672
201706 3.732 103.349 4.872
201709 4.363 104.136 5.653
201712 7.362 104.011 9.550
201803 5.188 105.290 6.648
201806 4.650 106.317 5.901
201809 5.581 106.507 7.070
201812 7.597 105.998 9.670
201903 5.308 107.251 6.678
201906 5.030 108.070 6.280
201909 6.093 108.329 7.589
201912 8.865 108.420 11.032
202003 5.694 108.902 7.055
202006 5.895 108.767 7.313
202009 6.450 109.815 7.925
202012 11.203 109.897 13.755
202103 9.104 111.754 10.992
202106 8.348 114.631 9.826
202109 8.621 115.734 10.051
202112 12.908 117.630 14.806
202203 10.202 121.301 11.348
202206 8.776 125.017 9.472
202209 9.622 125.227 10.367
202212 12.632 125.222 13.611
202303 10.295 127.348 10.908
202306 8.920 128.729 9.349
202309 9.824 129.860 10.207
202312 13.207 129.419 13.769
202403 10.096 131.776 10.337
202406 9.615 132.554 9.787
202409 10.714 133.029 10.867
202412 14.114 133.157 14.302
202503 10.896 134.927 10.896

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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  (XBUL:APC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Apple Cyclically Adjusted PS Ratio Related Terms

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


Apple Business Description

Industry
Address
One Apple Park Way, Cupertino, CA, USA, 95014
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.

Apple Headlines

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