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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AppleAAPL -0.77%95 Earnings per Share (Diluted) is $8.27 as of Mar. 2026. GuruFocus rates AAPL with a GF Score™ of 95/100 and a GF Value™ of $268.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,907 Hardware companies, Apple ranks better than 58.52% on this metric.
Apple's EPS (Basic) for the
three
months ended in Mar. 2026 was $2.02.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $8.29.
Apple's EPS without NRI for the
three
months ended in Mar. 2026 was $2.01.
Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $8.27.
During the past 12 months, Apple's average EPS without NRIGrowth Rate was 16.60% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 6.90% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 14.30% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 15.20% per year.
During the past 13 years, Apple's highest 3-Year average EPS without NRI Growth Rate was 172.60% per year. The lowest was -48.30% per year. And the median was 14.00% per year.
Apple (NAS:AAPL) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Apple Earnings per Share (Diluted) Related Terms
Apple Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for Apple's Earnings per Share (Diluted) 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: Earnings per Share (Diluted) Comparison
For the Consumer Electronics subindustry, Apple's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Apple's PE Ratio distribution charts can be found below:
* The bar in red indicates where Apple's PE Ratio falls into.
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Apple's Earnings Per Share (Diluted) for the fiscal year that ended in Sep. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.27
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of $8.27 mean?
Apple (AAPL) has a Earnings per Share (Diluted) of $8.27 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Apple and its competitors. According to the industry distribution chart, Apple ranks #791 out of 1907 companies in the Hardware industry, placing it in the top 41.5%.
Is Apple's Earnings per Share (Diluted) too high?
Apple's current Earnings per Share (Diluted) is $8.27. The Hardware industry median Earnings per Share (Diluted) is 1.20. Apple's value of $8.27 is 589.2% above this industry median. Based on the distribution chart, Apple ranks #791 out of 1907 companies in the Hardware industry, which is above the industry midpoint. Overall, Apple has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple's Earnings per Share (Diluted) compare to SONO and TBCH?
According to the Hardware industry distribution chart, Apple ranks #791 out of 1907 companies for Earnings per Share (Diluted). This puts Apple in the upper half of its industry. The industry median Earnings per Share (Diluted) is 1.20. Apple's value of $8.27 is 589.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Hardware company?
The median Earnings per Share (Diluted) among Hardware companies is 1.20, based on 1,907 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current Earnings per Share (Diluted) of $8.27 is 589.2% 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 Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Apple and its competitors. For the Hardware industry, the median Earnings per Share (Diluted) is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current Earnings per Share (Diluted) is $8.27. 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 Modestly Overvalued. The stock's GF Value™ is $268.12, compared to a current price of $314.86 — trading 17.4% above its estimated fair value. The current Earnings per Share (Diluted) is $8.27 and 589.2% above the Hardware industry median of 1.20. Apple's overall GF Score™ is 95/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Apple (AAPL), the current Earnings per Share (Diluted) is $8.27 as of Mar. 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 $314.86 is trading 17.4% above its estimated GF Value™ of $268.12.
GuruFocus considers Apple to be Modestly Overvalued.
Key valuation signals for AAPL:
Earnings per Share (Diluted): $8.27
GF Value™: $268.12 vs. price of $314.86 (17.4% above fair value)
Industry Position: 589.2% above the Hardware median (#791 of 1907)
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.
95GF Score
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