GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (NAS:AAPL) » Definitions » Enterprise Value

Apple (AAPL) Enterprise Value : $3,477,028 Mil (As of Jul. 21, 2024)


View and export this data going back to 1980. Start your Free Trial

What is Apple Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Apple's Enterprise Value is $3,477,028 Mil. Apple's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $120,004 Mil. Therefore, Apple's EV-to-EBIT ratio for today is 28.97.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Apple's Enterprise Value is $3,477,028 Mil. Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $131,393 Mil. Therefore, Apple's EV-to-EBITDA ratio for today is 26.46.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Apple's Enterprise Value is $3,477,028 Mil. Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $381,623 Mil. Therefore, Apple's EV-to-Revenue ratio for today is 9.11.


Apple Enterprise Value Historical Data

The historical data trend for Apple's Enterprise Value 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 Enterprise Value Chart

Apple Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,002,594.67 1,997,418.21 2,398,275.20 2,287,553.88 2,724,707.62

Apple Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Enterprise Value 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 2,646,531.66 3,082,021.16 2,724,707.62 3,011,492.31 2,667,548.80

Competitive Comparison of Apple's Enterprise Value

For the Consumer Electronics subindustry, Apple's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apple's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Apple's Enterprise Value falls into.



Apple Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Apple's Enterprise Value for the fiscal year that ended in Sep. 2023 is calculated as

Apple's Enterprise Value for the quarter that ended in Mar. 2024 is calculated as

* 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  (NAS:AAPL) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Apple's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3477027.933/120004
=28.97

Apple's current Enterprise Value is $3,477,028 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $120,004 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Apple's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3477027.933/131393
=26.46

Apple's current Enterprise Value is $3,477,028 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $131,393 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Apple's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3477027.933/381623
=9.11

Apple's current Enterprise Value is $3,477,028 Mil.
Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $381,623 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.


Apple Enterprise Value Related Terms

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


Apple (AAPL) 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 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.
Executives
Chris Kondo officer: Principal Accounting Officer 1 INFINITE LOOP, CUPERTINO CA 95014
Katherine L. Adams officer: SVP, General Counsel APPLE INC., 1 INFINITE LOOP, CUPERTINO CA 95014
Luca Maestri officer: Senior Vice President, CFO 1 INFINITE LOOP, CUPERTINO CA 95014
Jeffrey E Williams officer: COO ONE INFINITE LOOP, CUPERTINO CA 95014
Deirdre O'brien officer: Senior Vice President ONE APPLE PARK WAY, CUPERTINO CA 95014
Timothy D Cook director, officer: Chief Executive Officer C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
Arthur D Levinson director C/O GENENTECH INC, 1 DNA WAY MS 49, SOUTH SAN FRANCISCO CA 94080-4990
Alex Gorsky director JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Monica C Lozano director
Angela J Ahrendts officer: Senior Vice President 1 INFINITE LOOP, CUPERTINO CA 95014
Johny Srouji officer: Senior Vice President 1 INFINITE LOOP, CUPERTINO CA 95014
Craig Federighi officer: Senior Vice President 807 11TH AVENUE, SUNNYVALE CA 94089
Daniel J. Riccio officer: Senior Vice President 1 INFINITE LOOP, CUPERTINO CA 95014
Philip W Schiller officer: Senior Vice President C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
Susan Wagner director C/O BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022

Apple (AAPL) Headlines

From GuruFocus

Q1 2020 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2023 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2023 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2020 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2019 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2019 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2019 Apple Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024