As of today (2024-04-18), Apple's share price is $167.04. Apple's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.79. Hence, Apple's Price to Tangible Book Ratio of today is 34.85.
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: 4.05 Med: 8.79 Max: 50.36
Current: 34.87
During the past 13 years, Apple's highest Price to Tangible Book Ratio was 50.36. The lowest was 4.05. And the median was 8.79.
AAPL's Price-to-Tangible-Book is ranked worse than 99.04% of 2302
companies
in the Hardware industry
Industry Median: 1.99
vs AAPL: 34.87
A closely related ratio is called PB Ratio. As of today, Apple's share price is $167.04. Apple's Book Value per Sharefor the quarter that ended in Dec. 2023 was $4.79. Hence, Apple's P/B Ratio of today is 34.85.
Apple Price-to-Tangible-Book Historical Data
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.
* Premium members only.
Apple Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Price-to-Tangible-Book
11.00
30.09
36.84
43.49
42.83
Apple Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
36.28
41.72
50.36
42.83
40.17
Competitive 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 Distribution
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.
Apple Price-to-Tangible-Book Calculation
Apple's price-to-tangible-book ratio for today is calculated as:
* 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.
Be Aware
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
Thank you for viewing the detailed overview of Apple's Price-to-Tangible-Book 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AAPL has been successfully added to your 