NASDAQ · AAPL
Apple Inc.
Technology · Consumer Electronics
$343.91▼ 1.10% ($3.81)at close
After hours$343.64▼ 0.08%7:59 PM ET
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 16.5% revenue growth a year for 10 years. Our scenarios assume 3.3–5.8%.
That's 5.0× its past 4-year pace.
Value per share
Base case
$141.75
Price used $343.91 is 2.4× this
USD · TTM ending Jun 27, 2026 · Price Oct 26, 8:00 PM UTC
Revenue each value needs
Revenue today $467B. The price needs $2.2T by 2036. Base case: $733B. At its recent pace: $644B. Bear to Bull: $647B to $817B.
Revenue today $467B. The price needs $2.2T by 2036. Base case: $733B. At its recent pace: $644B. Bear to Bull: $647B to $817B.
Revenue in 2036
today $467B
+$1.4Tmore than the Base case · 2.9×
Value per share · Base case
$141.75
Price $343.91
2.4× this
- 10-yr revenue CAGR
- 4.6%
- Ending operating margin
- 30.0%
- Discount rate
- 9.4%
USD · TTM ending Jun 27, 2026 · Price Oct 26, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 27.94% over the last year. Revenue grew 14.24% over the trailing twelve months. Operating margin moved from 31.87% to 33.17%. Free cash flow grew 42.11% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 33.17% — continued expansion would be needed to justify the premium. Revenue growth of 14.24% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Apple Inc. is a global technology corporation that specializes in the conceptualization, production, and sale of a diverse suite of electronic devices.
Market multiples
Stock splits
Every 1 shares became 4
Every 1 shares became 7
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
70
Buy
33
Hold
9
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 2, 2026
Q4 FY26 · EPS est $1.99 · Revenue est $113.4B
Same quarter, year over year
FY26 YTD +22.4%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $6.88 vs $5.62 · all 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $7.47
- +10.7%
- FY24
- $6.75
- —
Q3 FY26
Reported Jul 30, 2026 · Latest
HoverTap a cell to inspect
Actual
$2.02
Estimate
$1.89
Year over year
+28.7%
Vs prior quarter
+0.5%
Institutional Sentiment
Apple Inc. · AAPL
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.