Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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 -1.17%96 Price-to-Free-Cash-Flow is 34.20 as of Sep. 08, 2026, which is 35% above its 10-year median of 25.31. GuruFocus rates AAPL with a GF Score™ of 96/100 and a GF Value™ of $284.87 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,200 Hardware companies, Apple ranks worse than 62.08% on this metric.
As of today (2026-09-08), Apple's share price is $316.22.
Apple's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 was $9.25. Hence, Apple's Price-to-Free-Cash-Flow Ratio for today is 34.20.
The historical rank and industry rank for Apple's Price-to-Free-Cash-Flow or its related term are showing as below:
AAPL'
s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 11.18 Med: 25.31 Max: 42.35
Current: 34.18
During the past 13 years, Apple's highest Price-to-Free-Cash-Flow Ratio was 42.35. The lowest was 11.18. And the median was 25.31.
AAPL's Price-to-Free-Cash-Flow is ranked worse than 62.08% of 1200
companies
in the Hardware industry
Industry Median: 23.165
vs AAPL: 34.18
During the past 12 months, the average Free Cash Flow per Share Growth Rate of Apple was 45.20% per year.
During the past 3 years, the average Free Cash Flow per Share Growth Rate was -1.20% per year.
During the past 5 years, the average Free Cash Flow per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Free Cash Flow per Share Growth Rate was 12.60% per year.
During the past 13 years, Apple's highest 3-Year average Free Cash Flow per Share Growth Rate was 117.80% per year. The lowest was -45.00% per year. And the median was 21.10% per year.
Apple (NAS:AAPL) Price-to-Free-Cash-Flow Explanation
Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.
In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.
Be Aware
In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.
Apple Price-to-Free-Cash-Flow Related Terms
Apple Price-to-Free-Cash-Flow Historical Data
* Premium members only.
The historical data trend for Apple's Price-to-Free-Cash-Flow 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, FXHO, TBCH: Price-to-Free-Cash-Flow Comparison
For the Consumer Electronics subindustry, Apple's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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-Free-Cash-Flow vs Hardware Industry
For the Hardware industry and Technology sector, Apple's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Apple's Price-to-Free-Cash-Flow falls into.
Apple's Share Price of today is $316.22. Apple's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.25.
* 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:
What does a Price-to-Free-Cash-Flow of 34.20 mean?
Apple (AAPL) has a Price-to-Free-Cash-Flow of 34.20 as of Sep. 08, 2026. Price-to-free-cash-flow ratio is the ratio of share price to a company's free cash flow per share. View historical data on Apple and its competitors. This is 35% above median its historical median of 25.31. Over the past decade, Apple's Price-to-Free-Cash-Flow has ranged from 11.18 to 42.35. According to the industry distribution chart, Apple ranks #745 out of 1200 companies in the Hardware industry, placing it in the top 62.1%.
Is Apple's Price-to-Free-Cash-Flow too high?
Apple's current Price-to-Free-Cash-Flow of 34.20 is 35% above median its 10-year median of 25.31. Over the past 10 years, this metric has ranged from a low of 11.18 to a high of 42.35. The Hardware industry median Price-to-Free-Cash-Flow is 23.17. Apple's value of 34.20 is 47.6% above this industry median. Based on the distribution chart, Apple ranks #745 out of 1200 companies in the Hardware industry, which is below the industry midpoint. Overall, Apple has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple's Price-to-Free-Cash-Flow compare to SONO and FXHO?
According to the Hardware industry distribution chart, Apple ranks #745 out of 1200 companies for Price-to-Free-Cash-Flow. This places Apple in the lower half of its industry. The industry median Price-to-Free-Cash-Flow is 23.17. Apple's value of 34.20 is 47.6% above this benchmark. Historically, Apple's own Price-to-Free-Cash-Flow has ranged from 11.18 to 42.35 over the past decade. While the company's 10-year median is 25.31 vs. the industry median of 23.17, 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 Price-to-Free-Cash-Flow for a Hardware company?
The median Price-to-Free-Cash-Flow among Hardware companies is 23.17, based on 1,200 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Free-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Free-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current Price-to-Free-Cash-Flow of 34.20 is 47.6% 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 Price-to-Free-Cash-Flow mean?
A high Price-to-Free-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Price-to-free-cash-flow ratio is the ratio of share price to a company's free cash flow per share. View historical data on Apple and its competitors. For the Hardware industry, the median Price-to-Free-Cash-Flow is 23.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current Price-to-Free-Cash-Flow is 34.20, which is 35% above median its own 10-year median of 25.31. 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 $284.87, compared to a current price of $316.22 — trading 11% above its estimated fair value. The current Price-to-Free-Cash-Flow is 34.20, which is 35% above median its 10-year median of 25.31 and 47.6% above the Hardware industry median of 23.17. 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 Price-to-Free-Cash-Flow calculated?
Price-to-Free-Cash-Flow is calculated from a company's financial statements. For Apple (AAPL), the current Price-to-Free-Cash-Flow is 34.20 as of Sep. 08, 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 $316.22 is trading 11% above its estimated GF Value™ of $284.87.
GuruFocus considers Apple to be Modestly Overvalued.
Key valuation signals for AAPL:
Price-to-Free-Cash-Flow: 34.20 (35% above median its 10-year median of 25.31)
GF Value™: $284.87 vs. price of $316.22 (11% above fair value)
Industry Position: 47.6% above the Hardware median (#745 of 1200)
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.
96GF Score
Get the complete analysis for AAPL
Price-to-Free-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AAPL has been successfully added to your 
