AppleBOG:AAPLCO 96 ROE % is 120.58% as of Mar. 2026, which is 9% above its 10-year median of 110.57. GuruFocus rates BOG:AAPLCO with a GF Score™ of 96/100 and a GF Value™ of COP934,769.52. The stock has 1 warning sign investors should review. Among 2,423 Hardware companies, Apple ranks better than 99.34% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Apple's annualized net income for the quarter that ended in Mar. 2026 was COP434,824,954 Mil. Apple's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was COP360,625,555 Mil. Therefore, Apple's annualized ROE % for the quarter that ended in Mar. 2026 was 120.58%.
The historical rank and industry rank for Apple's ROE % or its related term are showing as below:
BOG:AAPLCO'
s ROE % Range Over the Past 10 Years
Min: 36.87 Med: 110.57 Max: 175.46
Current: 152.82
During the past 13 years, Apple's highest ROE % was 175.46%. The lowest was 36.87%. And the median was 110.57%.
BOG:AAPLCO's ROE % is ranked better than 99.34% of 2423
companies
in the Hardware industry
Industry Median: 4.61
vs BOG:AAPLCO: 152.82
Apple (BOG:AAPLCO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Apple ROE % Related Terms
Apple ROE % Historical Data
* Premium members only.
The historical data trend for Apple's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Hardware Industry
For the Hardware industry and Technology sector, Apple's ROE % distribution charts can be found below:
* The bar in red indicates where Apple's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Apple (BOG:AAPLCO) has a ROE % of 120.58% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Apple and its competitors. This is near median its historical median of 110.57. Over the past decade, Apple's ROE % has ranged from 36.87 to 175.46. According to the industry distribution chart, Apple ranks #16 out of 2423 companies in the Hardware industry, placing it in the top 0.7%.
Is Apple's ROE % too high?
Apple's current ROE % of 120.58% is near median its 10-year median of 110.57. Over the past 10 years, this metric has ranged from a low of 36.87 to a high of 175.46. The Hardware industry median ROE % is 4.61. Apple's value of 120.58% is 2515.6% above this industry median. Based on the distribution chart, Apple ranks #16 out of 2423 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Apple has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Apple's ROE % compare to SONO and VUZI?
According to the Hardware industry distribution chart, Apple ranks #16 out of 2423 companies for ROE %. This places Apple in the top 1% of its industry — outperforming the majority of peers. The industry median ROE % is 4.61. Apple's value of 120.58% is 2515.6% above this benchmark. Historically, Apple's own ROE % has ranged from 36.87 to 175.46 over the past decade. While the company's 10-year median is 110.57 vs. the industry median of 4.61, 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 ROE % for a Hardware company?
The median ROE % among Hardware companies is 4.61, based on 2,423 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple's current ROE % of 120.58% is 2515.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Apple and its competitors. For the Hardware industry, the median ROE % is 4.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current ROE % is 120.58%, which is near median its own 10-year median of 110.57. 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?
Apple (BOG:AAPLCO) has a current ROE % of 120.58%. The stock's GF Value™ is COP934,769.52, compared to a current price of COP965,980.00 — trading 3.3% above its estimated fair value. The current ROE % is 120.58%, which is near median its 10-year median of 110.57 and 2515.6% above the Hardware industry median of 4.61. Apple's overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Apple (BOG:AAPLCO), the current ROE % is 120.58% 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 (BOG:AAPLCO) Overvalued in 2026?
Based on GuruFocus' analysis, Apple stock appears to be overvalued.
The current stock price of COP965,980.00 is trading 3.3% above its estimated GF Value™ of COP934,769.52.
Key valuation signals for BOG:AAPLCO:
ROE %: 120.58% (near median its 10-year median of 110.57)
GF Value™: COP934,769.52 vs. price of COP965,980.00 (3.3% above fair value)
Industry Position: 2515.6% above the Hardware median (#16 of 2423)
No single metric tells the full story. See the BOG:AAPLCO 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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