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 $2,317,077 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $121,719 Mil. Therefore, Apple's EV-to-EBIT ratio for today is 19.04.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Apple's Enterprise Value is $2,317,077 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2022 was $132,974 Mil. Therefore, Apple's EV-to-EBITDA ratio for today is 17.43.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Apple's Enterprise Value is $2,317,077 Mil.
Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2022 was $386,017 Mil. Therefore, Apple's EV-to-Revenue ratio for today is 6.00.
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 Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Enterprise Value
831,548.94
1,121,665.16
1,002,594.67
1,987,576.21
2,386,472.20
Apple Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Enterprise Value
2,090,042.55
2,327,728.02
2,386,472.20
2,959,384.41
2,898,479.04
Competitive Comparison
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 Enterprise Value Distribution
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. 2021 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 $2,317,077 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $121,719 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Apple's current Enterprise Value is $2,317,077 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $132,974 Mil.
Apple's current Enterprise Value is $2,317,077 Mil.
Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $386,017 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 designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.
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