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 $2,228,879 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Mar. 2021 was $92,267 Mil. Therefore, Apple's EV-to-EBIT ratio for today is 24.16.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Apple's Enterprise Value is $2,228,879 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2021 was $103,184 Mil. Therefore, Apple's EV-to-EBITDA ratio for today is 21.60.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Apple's Enterprise Value is $2,228,879 Mil.
Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2021 was $325,406 Mil. Therefore, Apple's EV-to-Revenue ratio for today is 6.85.
Apple Enterprise Value Historical Data
* 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
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Enterprise Value
623,078.22
831,548.94
1,121,665.16
1,002,594.67
1,987,576.21
Apple Quarterly Data
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Enterprise Value
1,114,999.60
1,582,482.96
1,987,576.21
2,267,500.68
2,090,042.55
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 Enterprise Value Distribution
* 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. 2020 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 current Enterprise Value is $2,228,879 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Mar. 2021 was 13834 (Jun. 2020 ) + 15535 (Sep. 2020 ) + 34217 (Dec. 2020 ) + 28681 (Mar. 2021 ) = $92,267 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Apple's current Enterprise Value is $2,228,879 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2021 was 16586 (Jun. 2020 ) + 18237 (Sep. 2020 ) + 36883 (Dec. 2020 ) + 31478 (Mar. 2021 ) = $103,184 Mil.
Apple's current Enterprise Value is $2,228,879 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2021 was 59685 (Jun. 2020 ) + 64698 (Sep. 2020 ) + 111439 (Dec. 2020 ) + 89584 (Mar. 2021 ) = $325,406 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.
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