Apple Inc. (AAPL) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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AAPL Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Apple Inc. (AAPL) trades at a price-to-earnings ratio of 38.1x, with a stock price of $284.18 and trailing twelve-month earnings per share of $8.30.
The current P/E is 27% above its 5-year average of 29.9x. Over the past five years, AAPL's P/E has ranged from a low of 22.1x to a high of 40.6x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Technology sector median P/E of 26.7x, AAPL trades at a 42% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
The PEG ratio of 2.13 (P/E divided by 23% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AAPL commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AAPL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AAPL P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3.1T | 30.2 | 1.60 | +16% | |
| $4.7T | 35.9 | 1.20 | +34% | |
| $2.9T | 38.1 | 1.36 | +30% | |
| $1.5T | 25.8 | 1.40 | -2% | |
| $120B | 16.7 | 1.09 | +20% | |
| $19B | 8.0Lowest | 1.38 | -6% | |
| $86B | 34.0 | - | +91%Best | |
| $372B | 34.7 | 1.05Best | +28% | |
| $2.0T | 37.1 | 1.34 | +50% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AAPL Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Sat Mar 28 2026 00:00:00 GM | $248.80 | $8.27 | 30.1x | -2% |
| FY2026 Q1 | Sat Dec 27 2025 00:00:00 GM | $273.40 | $7.91 | 34.6x | +12% |
| FY2025 Q4 | Sat Sep 27 2025 00:00:00 GM | $255.46 | $7.47 | 34.2x | +11% |
| FY2025 Q3 | Sat Jun 28 2025 00:00:00 GM | $201.08 | $6.59 | 30.5x | -1% |
| FY2025 Q2 | Sat Mar 29 2025 00:00:00 GM | $217.90 | $6.42 | 33.9x | +10% |
| FY2025 Q1 | Sat Dec 28 2024 00:00:00 GM | $255.59 | $6.30 | 40.6x | +32% |
| FY2024 Q4 | Sat Sep 28 2024 00:00:00 GM | $227.79 | $6.08 | 37.5x | +21% |
| FY2024 Q3 | Sat Jun 29 2024 00:00:00 GM | $210.62 | $6.57 | 32.1x | +4% |
| FY2024 Q2 | Sat Mar 30 2024 00:00:00 GM | $171.48 | $6.43 | 26.7x | -14% |
| FY2024 Q1 | Sat Dec 30 2023 00:00:00 GM | $192.53 | $6.42 | 30.0x | -3% |
| FY2023 Q4 | Sat Sep 30 2023 00:00:00 GM | $171.21 | $6.12 | 28.0x | -9% |
| FY2023 Q3 | Sat Jul 01 2023 00:00:00 GM | $193.97 | $5.95 | 32.6x | +6% |
Average P/E for displayed period: 30.8x
Full AAPL Stock Analysis
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Start ComparisonAAPL — Frequently Asked Questions
Quick answers to the most common questions about buying AAPL stock.
Is AAPL stock overvalued or undervalued?
AAPL trades at 38.1x P/E, above its 5-year average of 29.9x. The 95th percentile ranking indicates a premium to historical valuation.
How does AAPL's valuation compare to peers?
Apple Inc. P/E of 38.1x compares to sector median of 26.7x. The premium reflects expected growth above peers.
What is AAPL's PEG ratio?
AAPL PEG ratio is 2.13. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.