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 Mar. 2021 was $18.979. Apple's 10-Year median PS Ratio is 3.6324. Therefore, the Median PS Value for today is $68.94.
As of today (2021-06-12), Apple's share price is $127.35. Apple's Median PS Value is $68.94. Therefore, Apple's Price to Median PS Value for today is 1.85.
NAS:AAPL'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.26 Med: 1.17 Max: 5.5
Current: 1.85
0.26
-
5.5
During the past 13 years, the highest Price to Median PS Value of Apple was 5.50. The lowest was 0.26. And the median was 1.17.
NAS:AAPL's Price-to-Median-PS-Value is ranked lower than
73% of the 1404
Companies
in the Hardware industry.
( Industry Median: 1.32
vs. NAS:AAPL: 1.85
)
Apple Median PS Value Historical Data
* 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
Sep11
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Median PS Value
35.93
38.70
47.27
50.73
56.81
Apple Quarterly Data
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Median PS Value
54.23
56.05
56.81
61.74
68.94
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 Median PS Value Distribution
* The bar in red indicates where Apple's 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 3.6324.
Apple's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2021 was 3.426 (Jun. 2020 ) + 3.749 (Sep. 2020 ) + 6.512 (Dec. 2020 ) + 5.292 (Mar. 2021 ) = $18.979.
* 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
=
127.35
/
68.94
=
1.85
* 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.
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