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 (2023-11-29), Apple's share price is $190.40. Apple's Book Value per Share for the quarter that ended in Sep. 2023 was $4.00. Hence, Apple's PB Ratio of today is 47.64.
Warning Sign:
Apple Inc stock PB Ratio (=47.86) is close to 10-year high of 50.84
The historical rank and industry rank for Apple's PB Ratio or its related term are showing as below:
AAPL'
s PB Ratio Range Over the Past 10 Years
Min: 2.71 Med: 6.69 Max: 50.84
Current: 47.6
During the past 13 years, Apple's highest PB Ratio was 50.84. The lowest was 2.71. And the median was 6.69.
AAPL's PB Ratio is ranked worse than 99.62% of 2390
companies
in the Hardware industry
Industry Median: 1.88
vs AAPL: 47.60
During the past 12 months, Apple's average Book Value Per Share Growth Rate was 25.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.20% 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 11.70% 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 Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
PB Ratio
11.00
30.09
36.84
43.49
42.83
Apple Quarterly Data
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
PB Ratio
43.49
36.28
41.72
50.36
42.83
Competitive Comparison
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 PB Ratio Distribution
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:
* 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 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.
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
Thank you for viewing the detailed overview of Apple's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods, among others. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers.
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