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Apple Inc  (NAS:AAPL) Median PS Value: $182.74 (As of Today)

This valuation method assumes that the stock valuation will revert to its historical mean in terms of Price/Sales Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because Price/Sales Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median P/S Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median P/S ratio. Apple Inc's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2018 was $52.968. Apple Inc's 10-Year median P/S ratio is 3.45. Therefore, the Median P/S Value for today is $182.74.

As of today, Apple Inc's share price is $176.78. Apple Inc's median P/S value is $182.74. Therefore, Apple Inc's Price to Median P/S Value Ratio for today is 0.97.

NAS:AAPL' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.08   Max: 1.61
Current: 0.97

0.08
1.61

During the past 13 years, the highest Price to Median P/S Value Ratio of Apple Inc was 1.61. The lowest was 0.08. And the median was 0.47.

NAS:AAPL's Price-to-Median-PS-Value is ranked lower than
60% of the 2067 Companies
in the Global industry.

( Industry Median: 1.05 vs. NAS:AAPL: 0.97 )

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
Median PS Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.74 138.97 134.94 150.34 182.74

Apple Inc Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Median PS 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 150.78 159.13 166.08 173.47 183.27

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 Median PS Value falls into.



Calculation

Apple Inc's Median P/S Value for today is calculated as

Median P/S Value=Total Annual Sales / Shares Outstanding*10-Year Median P/S Ratio
=Revenue per Share (TTM)*10-Year Median P/S Ratio
=52.968*3.45
=182.74

10-Year Median P/S Ratio is 3.45.
Apple Inc's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2018 was 17.118 (Dec. 2017 ) + 12.062 (Mar. 2018 ) + 10.812 (Jun. 2018 ) + 12.976 (Sep. 2018 ) = $52.968.

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


Explanation

This valuation method assumes that the stock valuation will revert to its historical mean in terms of Price/Sales Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because Price/Sales Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

Apple Inc's Price to Median P/S Value Ratio for today is calculated as

Price to Median P/S Value=Share Price/Median P/S Value
=176.78/182.74
=0.97

* 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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