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Apple Inc  (NAS:AAPL) Enterprise Value: $1,006,629 Mil (As of Today)

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 Inc's enterprise value is $1,006,629 Mil. Apple Inc's EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was $73,175 Mil. Therefore, Apple Inc's EV/EBIT ratio for today is 13.76.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Apple Inc's enterprise value is $1,006,629 Mil. Apple Inc's EBITDA for the trailing twelve months (TTM) ended in Dec. 2018 was $84,728 Mil. Therefore, Apple Inc's EV/EBITDA ratio for today is 11.88.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, Apple Inc's enterprise value is $1,006,629 Mil. Apple Inc's Revenue for the trailing twelve months (TTM) ended in Dec. 2018 was $261,612 Mil. Therefore, Apple Inc's EV/Revenue ratio for today is 3.85.


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 Inc Annual Data

Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 601,233.62 638,197.13 623,131.02 831,548.94 1,121,573.44

Apple Inc Quarterly Data

Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Enterprise Value 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 905,214.63 863,283.52 940,102.92 1,121,573.44 774,381.65

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 Inc Distribution

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



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 Inc's Enterprise Value for the fiscal year that ended in Sep. 2018 is calculated as

Enterprise Value (A: Sep. 2018 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=1073391.4426+0+93735
+Current Portion of Long-Term Debt+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+20748+0-66301
=1,121,573

Apple Inc's Enterprise Value for the quarter that ended in Dec. 2018 is calculated as

Enterprise Value (Q: Dec. 2018 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=746078.652+0+92989
+Current Portion of Long-Term Debt+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+21741+0-86427
=774,382

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 (M) 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 (M), 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 (M). 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 Inc's EV/EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1006629.280/73175
=13.76

Apple Inc's current Enterprise Value is $1,006,629 Mil.
Apple Inc's EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was 16960 (Mar. 2018 ) + 14130 (Jun. 2018 ) + 17289 (Sep. 2018 ) + 24796 (Dec. 2018 ) = $73,175 Mil.

2. EV-to-EBITDA is calculated as enterprise value divided by its EBITDA.

Apple Inc's EV/EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=1006629.280/84728
=11.88

Apple Inc's current Enterprise Value is $1,006,629 Mil.
Apple Inc's EBITDA for the trailing twelve months (TTM) ended in Dec. 2018 was 19699 (Mar. 2018 ) + 16795 (Jun. 2018 ) + 20043 (Sep. 2018 ) + 28191 (Dec. 2018 ) = $84,728 Mil.

3. EV-to-Revenue is calculated as enterprise value divided by its Revenue.

Apple Inc's EV/Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=1006629.280/261612
=3.85

Apple Inc's current Enterprise Value is $1,006,629 Mil.
Apple Inc's EBITDA for the trailing twelve months (TTM) ended in Dec. 2018 was 61137 (Mar. 2018 ) + 53265 (Jun. 2018 ) + 62900 (Sep. 2018 ) + 84310 (Dec. 2018 ) = $261,612 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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