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Apple AAPL Price / book

Price / book at other companies

Microsoft logo
MicrosoftMSFT
6.6×-2.0×
Qualcomm logo
QualcommQCOM
-1.1×
Amazon logo
AmazonAMZN
5.1×-1.5×
Netflix logo
NetflixNFLX
13×-3.6×
Zoom Video Communications, Inc. logo
Zoom Video Communications, Inc.ZM
2.9×+0.3×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
2.1×-1.1×

Other financials

Income statement

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Revenue$111.18B+16.6%
Gross profit$54.8B+22.1%
Operating income$35.9B+21.3%
Net income$29.6B+19.4%
EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%
Total debt$82.7B-10.3%
Total equity$106.49B+59.4%
Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%
CapEx$2.0B-35.8%
Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.35T+11.7%
Enterprise value$4.38T+10.6%
P/E35.5×-4.5×
P/S9.6×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp
Net margin27.2%+2.9pp

Returns & leverage

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Return on equity141.5%+3.5pp
Debt / equity0.8×-0.6×
Current ratio1.1×+0.2×

Where this comes from

Calculated from Apple’s reported figures.

Based on the most recent quarter.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's price / book?
Apple (AAPL) reported price / book of 35× in Q1 2026.
How has Apple's price / book changed year-over-year?
Apple's price / book decreased by 30.0% year-over-year, from 50× to 35×.
What is the long-term trend for Apple's price / book?
Over 4 years (2021 to 2025), Apple's price / book has grown at a 11.1% compound annual growth rate (CAGR), from 133.6× to 203.4×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.