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Apple (AAPL) Stock Analysis

This is a peer-relative look at Apple (AAPL): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Apple (AAPL)
Profile ItemAAPL
NameApple Inc.
Country/RegionUnited States
GICS SectorInformation Technology
GICS Industry GroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
GICS Sub-IndustryTechnology Hardware, Storage & Peripherals
Market Capitalization4,813.63 billion USD
CurrencyUSD
ExchangeNasdaq
Listing DateDecember 12, 1980
Security TypeCommon Stock

Price Performance

Cumulative Growth

AAPL
GSPC
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Apple (AAPL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Apple (AAPL) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Apple (AAPL) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
Total Return (1Y)54.86%50.82%
Total Return (3Y, Annualized)20.08%23.86%
Total Return (5Y, Annualized)18.25%14.34%

Risk Profile

Drawdown History

AAPL
GSPC
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Apple (AAPL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Apple (AAPL) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
Volatility (1Y, Annualized)24.54%55.04%
Beta (5Y)1.091.32
Max Drawdown (5Y)-33.36%-55.60%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. AAPL is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
Sharpe Ratio (1Y)2.070.95
Sortino Ratio (1Y)3.331.40

Profitability

ROE (TTM)

Apple (AAPL) posts ROE of 141.47%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

AAPL

Technology Hardware & Equipment industry group

141.47%

Group distribution
AAPL
141.47%
Max
44.16%
Q3
18.89%
Median
10.96%
Q1
0.11%
Min
-25.92%
Largest peers
STX
1,787.97%
AAPL
141.47%
SNDK
39.30%
APH
36.83%
ANET
31.52%
CSCO
25.23%
DELL
--
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Where Apple (AAPL) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Apple (AAPL) keeps 27.15% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

AAPL

Technology Hardware & Equipment industry group

27.15%

Group distribution
AAPL
27.15%
Max
27.15%
Q3
12.01%
Median
4.40%
Q1
0.00%
Min
-14.09%
Largest peers
ANET
38.32%
SNDK
34.19%
AAPL
27.15%
STX
21.60%
CSCO
19.69%
APH
17.24%
DELL
6.28%
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Where Apple (AAPL) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Apple (AAPL) turns 32.28% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

AAPL

Technology Hardware & Equipment industry group

32.28%

Group distribution
AAPL
32.28%
Max
32.28%
Q3
15.14%
Median
6.42%
Q1
1.49%
Min
-18.45%
Largest peers
SNDK
69.98%
ANET
42.74%
STX
35.67%
AAPL
32.28%
APH
27.31%
CSCO
24.99%
DELL
8.86%
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Where Apple (AAPL) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
ROE (TTM)141.47%10.96%
ROA (TTM)26.23%4.19%
Net Margin (TTM)27.15%4.40%
Operating Margin (TTM)32.28%6.42%
Gross Margin (TTM)47.86%38.91%

Growth

Revenue Growth

Apple (AAPL) grew revenue 6.43%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Apple (AAPL): Revenue Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

EPS Growth

Apple (AAPL) grew earnings per share 22.70%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

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Apple (AAPL): EPS Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

Growth Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
Revenue Growth (YoY)6.43%8.73%
Revenue Growth (3Y CAGR)1.81%1.90%
EPS Growth (YoY)22.70%10.07%
EPS Growth (3Y CAGR)6.88%3.15%

Financial Strength

Current Ratio (MRQ)

Apple (AAPL) has current ratio of 1.07, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

AAPL

Technology Hardware & Equipment industry group

1.07

Group distribution
Max
5.80
Q3
3.15
Median
1.96
Q1
1.29
AAPL
1.07
Min
0.40
Largest peers
SNDK
4.78
ANET
2.83
APH
1.71
STX
1.33
AAPL
1.07
DELL
0.95
CSCO
0.93
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Where Apple (AAPL) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Apple (AAPL) has debt-to-equity ratio of 0.80, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

AAPL

Technology Hardware & Equipment industry group

0.80

Group distribution
Max
2.02
Q3
0.88
AAPL
0.80
Median
0.31
Q1
0.06
Min
0.00
Largest peers
STX
3.82
APH
1.33
AAPL
0.80
CSCO
0.68
SNDK
0.02
DELL
--
ANET
--
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Where Apple (AAPL) stands on debt-to-equity ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
Current Ratio (MRQ)1.071.96
Debt / Equity (MRQ)0.800.31
Net Debt / EBITDA0.100.95

Dividends

Dividend Yield (TTM)

Apple (AAPL) has dividend yield of 0.32%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

AAPL

Technology Hardware & Equipment industry group

0.32%

Group distribution
Max
0.84%
Q3
0.36%
AAPL
0.32%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
CSCO
1.49%
DELL
0.58%
APH
0.55%
STX
0.36%
AAPL
0.32%
SNDK
0.00%
ANET
0.00%
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Where Apple (AAPL) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Apple (AAPL) has payout ratio of 12.59%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

AAPL

Technology Hardware & Equipment industry group

12.59%

Group distribution
Max
37.10%
Q3
15.24%
AAPL
12.59%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
CSCO
55.00%
STX
27.70%
APH
23.85%
DELL
17.57%
AAPL
12.59%
SNDK
0.00%
ANET
0.00%
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Where Apple (AAPL) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
Dividend Yield (TTM)0.32%0.00%
Dividend Payout Ratio (TTM)12.59%0.00%

Valuation

P/E Ratio (TTM)

Apple (AAPL) trades at P/E ratio of 39.53, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

AAPL

Technology Hardware & Equipment industry group

39.53

Group distribution
Max
144.77
Q3
72.63
AAPL
39.53
Median
37.17
Q1
22.68
Min
8.96
Largest peers
STX
76.36
ANET
58.19
SNDK
47.62
APH
43.24
AAPL
39.53
CSCO
37.39
DELL
30.39
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Where Apple (AAPL) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Apple (AAPL) trades at 10.66 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

AAPL

Technology Hardware & Equipment industry group

10.66

Group distribution
Max
16.05
AAPL
10.66
Q3
7.77
Median
3.47
Q1
1.40
Min
0.00
Largest peers
ANET
22.64
STX
18.33
SNDK
17.85
AAPL
10.66
APH
7.49
CSCO
7.28
DELL
1.95
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Where Apple (AAPL) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Apple (AAPL) trades at 45.14 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

AAPL

Technology Hardware & Equipment industry group

45.14

Group distribution
AAPL
45.14
Max
17.07
Q3
8.65
Median
3.87
Q1
2.08
Min
-0.84
Largest peers
STX
182.75
AAPL
45.14
SNDK
17.07
ANET
16.30
APH
13.88
CSCO
9.05
DELL
-186.85
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Where Apple (AAPL) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
MetricCurrent stock: AAPLIndustry group median
P/E Ratio (TTM)39.5337.17
P/S Ratio (TTM)10.663.47
P/B Ratio (MRQ)45.143.87
Free Cash Flow Yield (TTM)2.10%1.98%