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AppleAAPL -1.62%96 Price-to-Tangible-Book is 51.66 as of Aug. 10, 2026, which is 46% above its 10-year median of 35.37. GuruFocus rates AAPL with a GF Score™ of 96/100 and a GF Value™ of $281.97 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,317 Hardware companies, Apple ranks worse than 99.01% on this metric.
As of today (2026-08-10), Apple's share price is $308.26. Apple's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $5.97. Hence, Apple's Price to Tangible Book Ratio of today is 51.66.
The historical rank and industry rank for Apple's Price-to-Tangible-Book or its related term are showing as below:
AAPL'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.9 Med: 35.37 Max: 61.85
Current: 51.63
During the past 13 years, Apple's highest Price to Tangible Book Ratio was 61.85. The lowest was 4.90. And the median was 35.37.
AAPL's Price-to-Tangible-Book is ranked worse than 99.01% of 2317
companies
in the Hardware industry
Industry Median: 2.51
vs AAPL: 51.63
A closely related ratio is called PB Ratio. As of today, Apple's share price is $308.26. Apple's Book Value per Sharefor the quarter that ended in Jun. 2026 was $7.36. Hence, Apple's P/B Ratio of today is 41.88.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Apple Price-to-Tangible-Book Related Terms
Apple Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Apple's Price-to-Tangible-Book 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.
AAPL vs SONO, TBCH, VUZI: Price-to-Tangible-Book Comparison
For the Consumer Electronics subindustry, Apple's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book vs Hardware Industry
For the Hardware industry and Technology sector, Apple's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Apple's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Apple (AAPL) has a Price-to-Tangible-Book of 51.66 as of Aug. 10, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Apple and its competitors. This is 46% above median its historical median of 35.37. Over the past decade, Apple's Price-to-Tangible-Book has ranged from 4.90 to 61.85. According to the industry distribution chart, Apple ranks #2294 out of 2317 companies in the Hardware industry, placing it in the top 99%.
Is Apple's Price-to-Tangible-Book too high?
Apple's current Price-to-Tangible-Book of 51.66 is 46% above median its 10-year median of 35.37. Over the past 10 years, this metric has ranged from a low of 4.90 to a high of 61.85. The Hardware industry median Price-to-Tangible-Book is 2.51. Apple's value of 51.66 is 1958.2% above this industry median. Based on the distribution chart, Apple ranks #2294 out of 2317 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Apple has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple's Price-to-Tangible-Book compare to SONO and TBCH?
According to the Hardware industry distribution chart, Apple ranks #2294 out of 2317 companies for Price-to-Tangible-Book. This places Apple in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.51. Apple's value of 51.66 is 1958.2% above this benchmark. Historically, Apple's own Price-to-Tangible-Book has ranged from 4.90 to 61.85 over the past decade. While the company's 10-year median is 35.37 vs. the industry median of 2.51, 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 Price-to-Tangible-Book for a Hardware company?
The median Price-to-Tangible-Book among Hardware companies is 2.51, based on 2,317 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current Price-to-Tangible-Book of 51.66 is 1958.2% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Apple and its competitors. For the Hardware industry, the median Price-to-Tangible-Book is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current Price-to-Tangible-Book is 51.66, which is 46% above median its own 10-year median of 35.37. 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 Fairly Valued. The stock's GF Value™ is $281.97, compared to a current price of $308.26 — trading 9.3% above its estimated fair value. The current Price-to-Tangible-Book is 51.66, which is 46% above median its 10-year median of 35.37 and 1958.2% above the Hardware industry median of 2.51. Apple's overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Apple (AAPL), the current Price-to-Tangible-Book is 51.66 as of Aug. 10, 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 $308.26 is trading 9.3% above its estimated GF Value™ of $281.97.
GuruFocus considers Apple to be Fairly Valued.
Key valuation signals for AAPL:
Price-to-Tangible-Book: 51.66 (46% above median its 10-year median of 35.37)
GF Value™: $281.97 vs. price of $308.26 (9.3% above fair value)
Industry Position: 1958.2% above the Hardware median (#2294 of 2317)
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 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.
96GF Score
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