AppleHAM:APC -6.32%96 PB Ratio is 39.09 as of Jun. 26, 2026, which is 15% above its 10-year median of 34.09. GuruFocus rates HAM:APC with a GF Score™ of 96/100 and a GF Value™ of €238.00 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,412 Hardware companies, Apple ranks worse than 98.88% on this metric.
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 (2026-06-26), Apple's share price is €245.50. Apple's Book Value per Share for the quarter that ended in Mar. 2026 was €6.28. Hence, Apple's PB Ratio of today is 39.09.
The historical rank and industry rank for Apple's PB Ratio or its related term are showing as below:
HAM:APC'
s PB Ratio Range Over the Past 10 Years
Min: 4.09 Med: 34.09 Max: 67.85
Current: 40.37
During the past 13 years, Apple's highest PB Ratio was 67.85. The lowest was 4.09. And the median was 34.09.
HAM:APC's PB Ratio is ranked worse than 98.88% of 2412
companies
in the Hardware industry
Industry Median: 2.42
vs HAM:APC: 40.37
During the past 12 months, Apple's average Book Value Per Share Growth Rate was 62.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.50% 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.
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
Apple PB Ratio Historical Data
* Premium members only.
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.
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 vs 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.
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.
Apple (HAM:APC) has a PB Ratio of 39.09 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Apple and its competitors. This is 15% above median its historical median of 34.09. Over the past decade, Apple's PB Ratio has ranged from 4.09 to 67.85. According to the industry distribution chart, Apple ranks #2385 out of 2412 companies in the Hardware industry, placing it in the top 98.9%.
Is Apple's PB Ratio too high?
Apple's current PB Ratio of 39.09 is 15% above median its 10-year median of 34.09. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 67.85. The Hardware industry median PB Ratio is 2.42. Apple's value of 39.09 is 1515.3% above this industry median. Based on the distribution chart, Apple ranks #2385 out of 2412 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 PB Ratio compare to SONO and VUZI?
According to the Hardware industry distribution chart, Apple ranks #2385 out of 2412 companies for PB Ratio. This places Apple in the lower half of its industry. The industry median PB Ratio is 2.42. Apple's value of 39.09 is 1515.3% above this benchmark. Historically, Apple's own PB Ratio has ranged from 4.09 to 67.85 over the past decade. While the company's 10-year median is 34.09 vs. the industry median of 2.42, 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 PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.42, based on 2,412 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current PB Ratio of 39.09 is 1515.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Apple and its competitors. For the Hardware industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current PB Ratio is 39.09, which is 15% above median its own 10-year median of 34.09. 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 (HAM:APC) is currently considered Fairly Valued. The stock's GF Value™ is €238.00, compared to a current price of €245.50 — trading 3.2% above its estimated fair value. The current PB Ratio is 39.09, which is 15% above median its 10-year median of 34.09 and 1515.3% above the Hardware industry median of 2.42. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Apple (HAM:APC), the current PB Ratio is 39.09 as of Jun. 26, 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 (HAM:APC) Overvalued in 2026?
Based on GuruFocus' analysis, Apple stock appears to be overvalued.
The current stock price of €245.50 is trading 3.2% above its estimated GF Value™ of €238.00.
GuruFocus considers Apple to be Fairly Valued.
Key valuation signals for HAM:APC:
PB Ratio: 39.09 (15% above median its 10-year median of 34.09)
GF Value™: €238.00 vs. price of €245.50 (3.2% above fair value)
Industry Position: 1515.3% above the Hardware median (#2385 of 2412)
No single metric tells the full story. See the HAM:APC 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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