Apple (MEX:AAPL) PB Ratio : 66.85 (As of Dec. 13, 2024)

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What is Apple PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-13), Apple's share price is MXN4959.25. Apple's Book Value per Share for the quarter that ended in Sep. 2024 was MXN74.18. Hence, Apple's PB Ratio of today is 66.85.

Warning Sign:

Apple Inc stock PB Ratio (=65.82) is close to 10-year high of 65.82

The historical rank and industry rank for Apple's PB Ratio or its related term are showing as below:

MEX:AAPL' s PB Ratio Range Over the Past 10 Years
Min: 3.8 Med: 13.21 Max: 65.82
Current: 65.82

During the past 13 years, Apple's highest PB Ratio was 65.82. The lowest was 3.80. And the median was 13.21.

MEX:AAPL's PB Ratio is ranked worse than
99.58% of 2379 companies
in the Hardware industry
Industry Median: 2.01 vs MEX:AAPL: 65.82

During the past 12 months, Apple's average Book Value Per Share Growth Rate was -5.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -5.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Apple was 53.00% per year. The lowest was -25.70% per year. And the median was 11.20% per year.

Back to Basics: PB Ratio

Apple PB Ratio Historical Data

The historical data trend for Apple's PB Ratio 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 PB Ratio Chart

Apple Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

PB Ratio

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30.18

37.17

43.96

42.95

61.60

Apple Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
PB Ratio	Get a 7-Day Free Trial															42.95	40.13	35.80	48.45	61.60

Competitive Comparison of Apple's PB Ratio

For the Consumer Electronics subindustry, Apple's PB Ratio, along with its competitors' market caps and PB Ratio 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's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apple's PB Ratio distribution charts can be found below:

* The bar in red indicates where Apple's PB Ratio falls into.

Apple PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Apple's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	4959.25	/	74.18
	=	66.85

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Apple (MEX:AAPL) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Apple PB Ratio Related Terms

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Apple Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AAPL:USA AAPL:Peru AAPL_KZ:Kazakhstan 1AAPL:Italy APCd:UK APC8:Germany APC:Germany APC:Germany APC:Germany APC:Germany AAPL:Chile AAPL:Canada AAPL34:Brazil APC:Bulgaria AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

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.