Apple (LIM:AAPL) EBIT: $147,366 Mil (TTM As of Mar. 2026)


LIM:AAPL Apple Inc LIM:AAPL
92 GF Score
Price $293.45
GF Value $266.52
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Apple EBIT?

Apple LIM:AAPL -0.63% 92 EBIT is $147,366 Mil as of Mar. 2026. GuruFocus rates LIM:AAPL with a GF Score™ of 92/100 and a GF Value™ of $266.52 (Fairly Valued). The stock has 4 warning signs investors should review.

Apple's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $35,885 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $147,366 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apple's annualized ROC % for the quarter that ended in Mar. 2026 was 38.39%. Apple's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 286.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Apple's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.41%.


Apple  (LIM:AAPL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Apple's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=143540 * ( 1 - 17.46% )/( (312973 + 304260)/ 2 )
=118477.916/308616.5
=38.39 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Apple's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=143540/( ( (50159 + max(-87745, 0)) + (50116 + max(-71899, 0)) )/ 2 )
=143540/( ( 50159 + 50116 )/ 2 )
=143540/50137.5
=286.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39921 + 5875 + 15002) - (70587 + 9413 + 68543)
=-87745

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30339 + 6747 + 15349) - (57349 + 9331 + 57654)
=-71899

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Apple's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=147366/4320774.296
=3.41 %

* 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 EBIT Related Terms


Apple EBIT Historical Data

* Premium members only.

The historical data trend for Apple's EBIT 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.

Apple EBIT Chart

Apple Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111,852.00 119,437.00 114,301.00 123,216.00 133,050.00

Apple Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 29,589.00 28,202.00 32,427.00 50,852.00 35,885.00

LIM:AAPL vs SONO, VUZI, TBCH: EBIT Comparison

For the Consumer Electronics subindustry, Apple's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Apple's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Apple's EV-to-EBIT falls into.


LIM:AAPL
92GF Score
Apple Inc LIM:AAPL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apple EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $147,366 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $147,366 Mil mean?
Apple (LIM:AAPL) has a EBIT of $147,366 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Apple.
Is Apple's EBIT too high?
Apple's current EBIT is $147,366 Mil. Overall, Apple has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple's EBIT compare to SONO and VUZI?
Apple's EBIT of $147,366 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Hardware company?
A good EBIT depends on the Hardware industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Apple. Apple's current EBIT is $147,366 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple stock overvalued right now?
Based on GuruFocus' analysis, Apple (LIM:AAPL) is currently considered Fairly Valued. The stock's GF Value™ is $266.52, compared to a current price of $293.45 — trading 10.1% above its estimated fair value. The current EBIT is $147,366 Mil. Apple's overall GF Score™ is 92/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Apple (LIM:AAPL), the current EBIT is $147,366 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apple (LIM:AAPL) Overvalued in 2026?

Based on GuruFocus' analysis, Apple stock appears to be overvalued. The current stock price of $293.45 is trading 10.1% above its estimated GF Value™ of $266.52. GuruFocus considers Apple to be Fairly Valued.

Key valuation signals for LIM:AAPL:

  • EBIT: $147,366 Mil
  • GF Value™: $266.52 vs. price of $293.45 (10.1% above fair value)
  • GF Score™: 92/100 with 4 warning signs

No single metric tells the full story. See the LIM:AAPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apple Business Description

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 accounts for the majority of the firm's sales, and Apple's other products, such as the 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, such as streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors and works with subcontractors such as Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with the majority coming indirectly through partnerships and distribution.
92GF Score

Get the complete analysis for LIM:AAPL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$293.45
Price
$266.52
GF Value