This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Apple's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $24.557. Apple's 10-Year median PS Ratio is 3.9822. Therefore, the Median PS Value for today is $97.79.
As of today (2024-04-19), Apple's share price is $165.0699. Apple's Median PS Value is $97.79. Therefore, Apple's Price to Median PS Value for today is 1.69.
The historical rank and industry rank for Apple's Median PS Value or its related term are showing as below:
AAPL'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.65 Med: 1.04 Max: 2.15
Current: 1.69
During the past 13 years, the highest Price to Median PS Value of Apple was 2.15. The lowest was 0.65. And the median was 1.04.
AAPL's Price-to-Median-PS-Value is ranked worse than 74.49% of 1513
companies
in the Hardware industry
Industry Median: 1.11
vs AAPL: 1.69
Apple Median PS Value Historical Data
The historical data trend for Apple's Median PS 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
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Median PS Value
50.73
56.81
79.74
89.67
94.53
Apple Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Median PS Value
90.45
91.50
93.02
94.53
97.79
Competitive Comparison
For the Consumer Electronics subindustry, Apple's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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 Price-to-Median-PS-Value Distribution
For the Hardware industry and Technology sector, Apple's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Apple's Price-to-Median-PS-Value falls into.
Apple Median PS Value Calculation
Apple's Median PS Value for today is calculated as
10-Year Median PS Ratio is 3.9822.
Apple's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $24.557.
* 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) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS 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's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
165.0699
/
97.79
=
1.69
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of Apple's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
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 makes up a majority of the firm sales, and Apple's other products like 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, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
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