Apple stock: fundamental analysis
Stocks · AAPL · Technology
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Below are its fundamentals, explained in the order worth reading them: business quality, debt, growth and, last, whether the price is reasonable.
- Price: 336.13 USD
- Market cap: 4.9T USD
Data as of September 18, 2026 · Yahoo Finance
Quick read
Business quality
ROE of 148.8%: it earns a high return on shareholders' money. An ROE this high is usually driven by debt or buybacks, not only by the business. Out of every 100 in sales, 27.6 end up as profit.
Financial health
Net debt/EBITDA of 0.1x: it could repay its debt with less than two years of operating profit. Comfortable leverage.
Growth
Revenue is growing 16.4% year on year: a solid pace. Earnings are up 28.7%.
Valuation
It trades at a P/E of 38.5, above the 28.1 median of the technology companies we track. Paying more can be justified by faster growth or a higher-quality business.
Dividend
Dividend yield of 0.3% (1.08 USD per share per year) with a payout ratio of 12.0%.
Tools
All metrics
| Apple | Sector median | |
|---|---|---|
| Business quality | ||
| ROE | 148.8% | 34.0% |
| ROA | 27.1% | 11.9% |
| Gross margin | 48.7% | 52.2% |
| Operating margin | 32.6% | 30.4% |
| Net margin | 27.6% | 27.6% |
| Financial health | ||
| Net debt/EBITDA | 0.1x | 0.7x |
| Debt/equity | 0.8x | 0.5x |
| Current ratio | 1.0x | 1.7x |
| Growth | ||
| Revenue growth | 16.4% | 35.2% |
| Earnings growth | 28.7% | 127.8% |
| Valuation | ||
| P/E ratio | 38.5x | 28.1x |
| Forward P/E | 35.1x | 19.9x |
| EV/EBITDA | 29.4x | 27.8x |
| Price/book | 45.7x | 10.9x |
| FCF yield | 2.2% | 1.4% |
| Dividend | ||
| Dividend yield | 0.3% | 0.6% |
| Payout ratio | 12.0% | 20.9% |
| Beta (volatility) | 1.1x | 1.3x |
Frequently asked questions
What is Apple's P/E ratio?
Apple's P/E is 38.5 based on trailing 12-month earnings and 35.1 on expected earnings. The median for its sector among the companies we track is 28.1. Data as of September 18, 2026.
What dividend does Apple pay?
Dividend yield of 0.3% (1.08 USD per share per year) with a payout ratio of 12.0%.
Is Apple stock expensive?
It trades at a P/E of 38.5, above the 28.1 median of the technology companies we track. Paying more can be justified by faster growth or a higher-quality business. This is an educational reading based on ratios, not a buy or sell recommendation.
Does Apple have a lot of debt?
Net debt/EBITDA of 0.1x: it could repay its debt with less than two years of operating profit. Comfortable leverage.
What is Apple's market cap?
Apple has a market cap of 4.9T USD and its shares trade at 336.13 USD, with a 52-week range of 240.21 USD to 344.57 USD (data as of September 18, 2026).
Other companies in the sector
Trailing 12-month metrics. Educational content, not investment advice.