Apple (AAPL) EV-to-Revenue: 10.28 (As of Jul. 14, 2026) — 51% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AAPL Apple Inc AAPL
95 GF Score
Price $314.86
GF Value $268.00
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Apple EV-to-Revenue?

Apple AAPL -0.77% 95 EV-to-Revenue is 10.28 as of Jul. 14, 2026, which is 51% above its 10-year median of 6.83. GuruFocus rates AAPL with a GF Score™ of 95/100 and a GF Value™ of $268.00 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,479 Hardware companies, Apple ranks worse than 87.37% on this metric.

EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Apple's enterprise value is $4,640,665 Mil. Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $451,442 Mil. Therefore, Apple's EV-to-Revenue for today is 10.28.

The historical rank and industry rank for Apple's EV-to-Revenue or its related term are showing as below:

AAPL' s EV-to-Revenue Range Over the Past 10 Years
Min: 2.56   Med: 6.83   Max: 10.39
Current: 10.28

During the past 13 years, the highest EV-to-Revenue of Apple was 10.39. The lowest was 2.56. And the median was 6.83.

AAPL's EV-to-Revenue is ranked worse than
87.37% of 2479 companies
in the Hardware industry
Industry Median: 1.9 vs AAPL: 10.28

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

As of today (2026-07-14), Apple's stock price is $314.86. Apple's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $30.44. Therefore, Apple's PS Ratio for today is 10.34.


Apple  (NAS:AAPL) EV-to-Revenue Explanation

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

Apple's PS Ratiofor today is calculated as:

PS Ratio=Share Price (Today)/Revenue per Share (TTM)
=314.86/30.441
=10.34

Apple's share price for today is $314.86.
Apple's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $30.44.

* 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 EV-to-Revenue Related Terms


Apple EV-to-Revenue Historical Data

* Premium members only.

The historical data trend for Apple's EV-to-Revenue 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.

Apple EV-to-Revenue Chart

Apple Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EV-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.56 5.80 7.08 9.11 9.14

Apple Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-Revenue 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 8.41 7.57 9.14 9.23 8.28

AAPL vs SONO, TBCH, VUZI: EV-to-Revenue Comparison

For the Consumer Electronics subindustry, Apple's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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 EV-to-Revenue vs Hardware Industry

For the Hardware industry and Technology sector, Apple's EV-to-Revenue distribution charts can be found below:

* The bar in red indicates where Apple's EV-to-Revenue falls into.


AAPL
95GF Score
Apple Inc AAPL
EV-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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Apple EV-to-Revenue Calculation

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

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

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=4640664.910/451442
=10.28

Apple's current Enterprise Value is $4,640,665 Mil.
Apple's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $451,442 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.

Frequently Asked Questions Learn more about EV-to-Revenue →
What does a EV-to-Revenue of 10.28 mean?
Apple (AAPL) has a EV-to-Revenue of 10.28 as of Jul. 14, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Apple and its competitors. This is 51% above median its historical median of 6.83. Over the past decade, Apple's EV-to-Revenue has ranged from 2.56 to 10.39. According to the industry distribution chart, Apple ranks #2166 out of 2479 companies in the Hardware industry, placing it in the top 87.4%.
Is Apple's EV-to-Revenue too high?
Apple's current EV-to-Revenue of 10.28 is 51% above median its 10-year median of 6.83. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 10.39. The Hardware industry median EV-to-Revenue is 1.90. Apple's value of 10.28 is 441.1% above this industry median. Based on the distribution chart, Apple ranks #2166 out of 2479 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Apple has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple's EV-to-Revenue compare to SONO and TBCH?
According to the Hardware industry distribution chart, Apple ranks #2166 out of 2479 companies for EV-to-Revenue. This places Apple in the lower half of its industry. The industry median EV-to-Revenue is 1.90. Apple's value of 10.28 is 441.1% above this benchmark. Historically, Apple's own EV-to-Revenue has ranged from 2.56 to 10.39 over the past decade. While the company's 10-year median is 6.83 vs. the industry median of 1.90, Apple has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-Revenue for a Hardware company?
The median EV-to-Revenue among Hardware companies is 1.90, based on 2,479 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current EV-to-Revenue of 10.28 is 441.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Apple and its competitors. For the Hardware industry, the median EV-to-Revenue is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current EV-to-Revenue is 10.28, which is 51% above median its own 10-year median of 6.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple stock overvalued right now?
Based on GuruFocus' analysis, Apple (AAPL) is currently considered Modestly Overvalued. The stock's GF Value™ is $268.00, compared to a current price of $314.86 — trading 17.5% above its estimated fair value. The current EV-to-Revenue is 10.28, which is 51% above median its 10-year median of 6.83 and 441.1% above the Hardware industry median of 1.90. Apple's overall GF Score™ is 95/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Apple (AAPL), the current EV-to-Revenue is 10.28 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apple (AAPL) Overvalued in 2026?

Based on GuruFocus' analysis, Apple stock appears to be overvalued. The current stock price of $314.86 is trading 17.5% above its estimated GF Value™ of $268.00. GuruFocus considers Apple to be Modestly Overvalued.

Key valuation signals for AAPL:

  • EV-to-Revenue: 10.28 (51% above median its 10-year median of 6.83)
  • GF Value™: $268.00 vs. price of $314.86 (17.5% above fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 441.1% above the Hardware median (#2166 of 2479)

No single metric tells the full story. See the AAPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apple 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 accounts for the majority of the firm's sales, and Apple's other products, such as the 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, such as streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors and works with subcontractors such as Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with the majority coming indirectly through partnerships and distribution.
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EV-to-Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$314.86
Price
$268.00
GF Value