Start with its own history
At 39.97×, AAPL is 59.4% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · AAPLConsumer ElectronicsUpdated Oct 29, 2026
Apple Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
39.97×
59.4% abovethe 10-year annual average
Share price348.91
÷Earnings per share8.73
Price and EPS in quote currency. Calculation details
Investors are paying 39.97 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 25.07×
3-year average33.06×3 positive annual observations
5-year average29.91×5 positive annual observations
10-year average25.07×10 positive annual observations
Peer median · TTM20.09×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 27, 2025 | 34.11× | -8.5% |
| Sep 28, 2024 | 37.28× | +34.1% |
| Sep 30, 2023 | 27.79× | +13.6% |
| Sep 24, 2022 | 24.46× | -5.6% |
| Sep 25, 2021 | 25.91× | -23.6% |
| Sep 26, 2020 | 33.92× | +85.4% |
| Sep 28, 2019 | 18.30× | -2.7% |
| Sep 29, 2018 | 18.81× | +13.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2017 | 16.61× | +23.2% |
| Sep 24, 2016 | 13.48× | +9.1% |
| Sep 26, 2015 | 12.36× | -20.5% |
| Sep 27, 2014 | 15.55× | +29.0% |
| Sep 28, 2013 | 12.06× | -19.6% |
| Sep 29, 2012 | 14.99× | +3.8% |
| Sep 24, 2011 | 14.44× | -23.9% |
| Sep 25, 2010 | 18.98× | -3.8% |
| Sep 26, 2009 | 19.73× | -13.9% |
| Sep 27, 2008 | 22.90× | -41.5% |
| Sep 29, 2007 | 39.14× | +19.8% |
| Sep 30, 2006 | 32.66× | +0.9% |
| Sep 24, 2005 | 32.37× | -37.8% |
| Sep 25, 2004 | 52.02× | -52.1% |
| Sep 27, 2003 | 108.66× | +36.4% |
| Sep 28, 2002 | 79.65× | N/M |
| Sep 29, 2001 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How AAPL compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 AAPL This stockApple Inc. | 39.97× |
 SSNLFSamsung Electronics Co., Ltd. | 7.23× |
 XIACFXiaomi Corporation | 17.17× |
 SONYSony Group Corporation | N/M |
 066570.KSLG Electronics Inc. | 21.19× |
 PCRFFPanasonic Holdings Corporation | 33.95× |
 603296.SSHuaqin Co., Ltd. | 19.03× |
 300857.SZSharetronic Data Technology Co., Ltd. | 21.94× |
 002241.SZGoertek Inc. | 20.09× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does AAPL’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 20.09×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take AAPL into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("AAPL", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 348.91 ÷ EPS 8.73 = 39.97×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 29, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
AAPL P/E ratio: common questions
The essentials behind the numbers.
Apple Inc.'s current P/E is 39.97× based on the quote data last updated Oct 29, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.