Apple (AAPL) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Apple (AAPL), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

AAPL

GSPC

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

Loading price history…

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

Performance at a Glance

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: AAPL	Industry group median
1-Year Return	46.73%	69.29%

Risk

Drawdown

AAPL

GSPC

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.

Risk at a Glance

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: AAPL	Industry group median
1-Year Volatility	22.69%	53.66%
Beta	1.10	1.32

Company Profile

Company profile fields for Apple (AAPL)
Profile Item	AAPL
Name	Apple Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Technology Hardware, Storage & Peripherals
Market Capitalization	4,275.93 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	December 12, 1980
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Apple (AAPL) trades at P/E ratio of 35.20, 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

35.20

Group distribution

Max: 171.43
Q3: 83.19
Median: 39.13
AAPL: 35.20
Q1: 23.68
Min: 9.35

Largest peers

STX: 88.50
SNDK: 67.56
ANET: 56.10
CSCO: 40.37
AAPL: 35.20
WDC: 33.67
DELL: 31.54

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.

Price-to-Sales Ratio (TTM)

Apple (AAPL) trades at 9.47 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

9.47

Group distribution

Max: 19.39
AAPL: 9.47
Q3: 9.05
Median: 4.10
Q1: 1.42
Min: 0.00

Largest peers

SNDK: 22.24
ANET: 21.17
STX: 19.13
WDC: 16.48
AAPL: 9.47
CSCO: 7.86
DELL: 1.91

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.

Price-to-Book Ratio (MRQ)

Apple (AAPL) trades at 40.10 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

40.10

Group distribution

AAPL: 40.10
Max: 17.76
Q3: 9.32
Median: 4.56
Q1: 2.09
Min: -3.27

Largest peers

STX: 190.79
AAPL: 40.10
WDC: 26.91
SNDK: 21.27
ANET: 15.24
CSCO: 9.77
DELL: -182.88

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 at a Glance

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: AAPL	Industry group median
Price-to-Earnings Ratio (TTM)	35.20	39.13
Price-to-Sales Ratio (TTM)	9.47	4.10
Price-to-Book Ratio (MRQ)	40.10	4.56
Free Cash Flow Yield	2.36%	1.95%

Profitability

Return on Equity (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: 19.25%
Median: 10.96%
Q1: 0.71%
Min: -25.92%

Largest peers

STX: 1,787.97%
AAPL: 141.47%
WDC: 85.92%
SNDK: 39.30%
ANET: 31.52%
CSCO: 25.23%
DELL: --

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 Profit 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

Max: 30.43%
AAPL: 27.15%
Q3: 12.35%
Median: 4.45%
Q1: 0.00%
Min: -14.09%

Largest peers

WDC: 55.29%
ANET: 38.32%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
DELL: 6.28%

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 Profit 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

Max: 35.67%
AAPL: 32.28%
Q3: 15.55%
Median: 6.62%
Q1: 1.55%
Min: -18.45%

Largest peers

SNDK: 69.98%
ANET: 42.74%
WDC: 37.01%
STX: 35.67%
AAPL: 32.28%
CSCO: 24.99%
DELL: 8.86%

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 at a Glance

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: AAPL	Industry group median
Return on Equity (TTM)	141.47%	10.96%
Return on Assets (TTM)	26.23%	4.31%
Net Profit Margin (TTM)	27.15%	4.45%
Operating Profit Margin (TTM)	32.28%	6.62%
Gross Profit Margin (TTM)	47.86%	38.82%

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: 3.18
Median: 1.90
Q1: 1.28
AAPL: 1.07
Min: 0.40

Largest peers

SNDK: 4.78
ANET: 2.83
WDC: 1.49
STX: 1.33
AAPL: 1.07
DELL: 0.95
CSCO: 0.93

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-to-Equity Ratio (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: 0.05
Min: 0.00

Largest peers

STX: 3.82
AAPL: 0.80
CSCO: 0.68
WDC: 0.18
SNDK: 0.02
DELL: --
ANET: --

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 at a Glance

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: AAPL	Industry group median
Current Ratio (MRQ)	1.07	1.90
Debt-to-Equity Ratio (MRQ)	0.80	0.31
Net Debt / EBITDA	0.10	0.91

Dividends

Dividend Yield (TTM)

Apple (AAPL) has dividend yield of 0.37%, 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

0.37%

Group distribution

Max: 1.30%
Q3: 0.54%
AAPL: 0.37%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.39%
DELL: 0.64%
AAPL: 0.37%
STX: 0.32%
WDC: 0.11%
SNDK: 0.00%
ANET: 0.00%

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: 15.46%
AAPL: 12.59%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
STX: 27.70%
DELL: 17.57%
AAPL: 12.59%
WDC: 2.69%
SNDK: 0.00%
ANET: 0.00%

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.

Dividends at a Glance

Apple (AAPL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: AAPL	Industry group median
Dividend Yield (TTM)	0.37%	0.00%
Dividend Payout Ratio (TTM)	12.59%	0.00%