Switch to:

Apple Enterprise Value

: $1,986,661 Mil (As of Today)
View and export this data going back to 1980. Start your Free Trial

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 $1,986,661 Mil. Apple's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was $71,366 Mil. Therefore, Apple's EV-to-EBIT ratio for today is 27.84.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Apple's Enterprise Value is $1,986,661 Mil. Apple's EBITDA for the trailing twelve months (TTM) ended in Jun. 2020 was $82,899 Mil. Therefore, Apple's EV-to-EBITDA ratio for today is 23.96.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Apple's Enterprise Value is $1,986,661 Mil. Apple's Revenue for the trailing twelve months (TTM) ended in Jun. 2020 was $273,857 Mil. Therefore, Apple's EV-to-Revenue ratio for today is 7.25.

Apple Enterprise Value 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 Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 638,063.13 623,131.02 831,548.94 1,121,573.44 1,002,642.46

Apple Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 910,658.69 1,002,642.46 1,288,500.41 1,115,003.42 1,582,479.31
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. 2019 is calculated as

Enterprise Value (A: Sep. 2019 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=995152.4628+0+91807
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+16240+0-100557
=1,002,642

Apple's Enterprise Value for the quarter that ended in Jun. 2020 is calculated as

Enterprise Value (Q: Jun. 2020 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=1562781.312+0+94048
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+18675+0-93025
=1,582,479

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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)
=1986660.660/71366
=27.84

Apple's current Enterprise Value is $1,986,661 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was 16937 (Sep. 2019 ) + 26703 (Dec. 2019 ) + 13892 (Mar. 2020 ) + 13834 (Jun. 2020 ) = $71,366 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)
=1986660.660/82899
=23.96

Apple's current Enterprise Value is $1,986,661 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Jun. 2020 was 20116 (Sep. 2019 ) + 29519 (Dec. 2019 ) + 16678 (Mar. 2020 ) + 16586 (Jun. 2020 ) = $82,899 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)
=1986660.660/273857
=7.25

Apple's current Enterprise Value is $1,986,661 Mil.
Apple's EBITDA for the trailing twelve months (TTM) ended in Jun. 2020 was 64040 (Sep. 2019 ) + 91819 (Dec. 2019 ) + 58313 (Mar. 2020 ) + 59685 (Jun. 2020 ) = $273,857 Mil.

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

Apple Enterprise Value Related Terms

Apple Enterprise Value Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)