Apple Inc. (AAPL)
Price to Book Value (P/BV)
since 2005
Beginner level
Calculation
Apple Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sep 28, 2019 | 12.21 | = | 248.76 | ÷ | 20.37 | 20.37 | = | 90,488 | ÷ | 4,443,265,000 |
| Sep 29, 2018 | 8.93 | = | 201.59 | ÷ | 22.58 | 22.58 | = | 107,147 | ÷ | 4,745,398,000 |
| Sep 30, 2017 | 6.61 | = | 172.50 | ÷ | 26.11 | 26.11 | = | 134,047 | ÷ | 5,134,312,000 |
| Sep 24, 2016 | 4.81 | = | 115.59 | ÷ | 24.05 | 24.05 | = | 128,249 | ÷ | 5,332,313,000 |
| Sep 26, 2015 | 5.57 | = | 119.27 | ÷ | 21.41 | 21.41 | = | 119,355 | ÷ | 5,575,331,000 |
| Sep 27, 2014 | 5.53 | = | 105.11 | ÷ | 19.02 | 19.02 | = | 111,547 | ÷ | 5,864,840,000 |
| Sep 28, 2013 | 3.82 | = | 74.99 | ÷ | 19.62 | 19.62 | = | 123,549 | ÷ | 6,298,166,000 |
| Sep 29, 2012 | 4.74 | = | 85.05 | ÷ | 17.95 | 17.95 | = | 118,210 | ÷ | 6,584,844,000 |
| Sep 24, 2011 | 4.86 | = | 57.23 | ÷ | 11.78 | 11.78 | = | 76,615 | ÷ | 6,505,863,000 |
| Sep 25, 2010 | 5.91 | = | 43.98 | ÷ | 7.44 | 7.44 | = | 47,791 | ÷ | 6,421,149,693 |
| Sep 26, 2009 | 6.39 | = | 28.20 | ÷ | 4.41 | 4.41 | = | 27,832 | ÷ | 6,304,749,311 |
| Sep 27, 2008 | 4.37 | = | 14.76 | ÷ | 3.38 | 3.38 | = | 21,030 | ÷ | 6,222,545,861 |
| Sep 29, 2007 | 9.90 | = | 23.47 | ÷ | 2.37 | 2.37 | = | 14,532 | ÷ | 6,128,781,918 |
| Sep 30, 2006 | 7.30 | = | 12.12 | ÷ | 1.66 | 1.66 | = | 9,984 | ÷ | 6,014,916,299 |
| Sep 24, 2005 | 8.08 | = | 10.23 | ÷ | 1.27 | 1.27 | = | 7,466 | ÷ | 5,899,375,636 |
Based on: 10-K (filing date: 2019-10-31), 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-27), 10-K (filing date: 2013-10-30), 10-K (filing date: 2012-10-31), 10-K (filing date: 2011-10-26), 10-K (filing date: 2010-10-27), 10-K (filing date: 2009-10-27), 10-K (filing date: 2008-11-05), 10-K (filing date: 2007-11-15), 10-K (filing date: 2006-12-29), 10-K (filing date: 2005-12-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Apple Inc.’s Annual Report.
Comparison to Competitors
Apple Inc., P/BV, long-term trends, comparison to competitors
| Apple Inc. | Applied Materials Inc. | Broadcom Inc. | Cisco Systems Inc. | Intel Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|
| Sep 28, 2019 | 12.21 | 6.67 | 5.09 | 6.12 | — | 1.40 | 10.10 | 19.69 | — |
| Sep 29, 2018 | 8.93 | 4.73 | 3.74 | 5.00 | 2.94 | 1.49 | 19.60 | 82.57 | 11.20 |
| Sep 30, 2017 | 6.61 | 5.94 | 5.28 | 2.38 | 3.08 | 2.51 | 10.51 | 2.56 | 9.89 |
| Sep 24, 2016 | 4.81 | 4.93 | 3.84 | 2.48 | 2.60 | 1.48 | 3.98 | 0.05 | 7.36 |
| Sep 26, 2015 | 5.57 | 2.87 | 8.24 | 2.23 | 2.21 | 1.47 | 2.82 | 2.88 | 5.30 |
| Sep 27, 2014 | 5.53 | 3.80 | 7.97 | 2.24 | 2.91 | 3.22 | 2.21 | 3.28 | 5.94 |
| Sep 28, 2013 | 3.82 | 2.82 | 4.45 | 2.19 | 2.11 | 1.92 | 1.63 | 3.26 | 4.46 |
| Sep 29, 2012 | 4.74 | 1.79 | 3.25 | 1.97 | 2.04 | 0.72 | 2.20 | 2.95 | 3.45 |
| Sep 24, 2011 | 4.86 | 1.65 | 3.51 | 1.86 | 2.90 | 0.64 | 3.26 | 3.25 | 3.48 |
| Sep 25, 2010 | 5.91 | 2.35 | 4.24 | 2.73 | 2.46 | 0.96 | 3.71 | 3.54 | 4.00 |
| Sep 26, 2009 | 6.39 | 2.53 | 3.79 | 3.46 | 2.76 | 1.25 | 2.22 | 3.61 | 3.10 |
| Sep 27, 2008 | 4.37 | 1.84 | — | 3.83 | 1.72 | 0.42 | 4.24 | 3.05 | 2.09 |
| Sep 29, 2007 | 9.90 | 3.14 | — | 6.20 | 2.76 | 0.96 | 5.09 | 4.11 | 4.14 |
| Sep 30, 2006 | 7.30 | 3.81 | — | 5.80 | 3.27 | 1.30 | 5.79 | 4.48 | 3.93 |
| Sep 24, 2005 | 8.08 | 3.42 | — | 4.92 | 3.34 | 1.47 | 3.54 | 5.97 | 4.00 |
Based on: 10-K (filing date: 2019-10-31), 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-27), 10-K (filing date: 2013-10-30), 10-K (filing date: 2012-10-31), 10-K (filing date: 2011-10-26), 10-K (filing date: 2010-10-27), 10-K (filing date: 2009-10-27), 10-K (filing date: 2008-11-05), 10-K (filing date: 2007-11-15), 10-K (filing date: 2006-12-29), 10-K (filing date: 2005-12-01).
Comparison to Sector (Technology Hardware & Equipment)
Apple Inc., P/BV, long-term trends, comparison to sector (technology hardware & equipment)
| Apple Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Sep 28, 2019 | 12.21 | — |
| Sep 29, 2018 | 8.93 | 6.15 |
| Sep 30, 2017 | 6.61 | 4.68 |
| Sep 24, 2016 | 4.81 | 3.41 |
| Sep 26, 2015 | 5.57 | 3.76 |
| Sep 27, 2014 | 5.53 | 3.99 |
| Sep 28, 2013 | 3.82 | 3.04 |
| Sep 29, 2012 | 4.74 | 3.27 |
| Sep 24, 2011 | 4.86 | 3.29 |
| Sep 25, 2010 | 5.91 | 3.54 |
| Sep 26, 2009 | 6.39 | 3.67 |
| Sep 27, 2008 | 4.37 | 2.84 |
| Sep 29, 2007 | 9.90 | 4.58 |
| Sep 30, 2006 | 7.30 | 4.31 |
| Sep 24, 2005 | 8.08 | 4.28 |
Based on: 10-K (filing date: 2019-10-31), 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-27), 10-K (filing date: 2013-10-30), 10-K (filing date: 2012-10-31), 10-K (filing date: 2011-10-26), 10-K (filing date: 2010-10-27), 10-K (filing date: 2009-10-27), 10-K (filing date: 2008-11-05), 10-K (filing date: 2007-11-15), 10-K (filing date: 2006-12-29), 10-K (filing date: 2005-12-01).
Comparison to Industry (Technology)
Apple Inc., P/BV, long-term trends, comparison to industry (technology)
| Apple Inc. | Technology | |
|---|---|---|
| Sep 28, 2019 | 12.21 | — |
| Sep 29, 2018 | 8.93 | 6.20 |
| Sep 30, 2017 | 6.61 | 5.48 |
| Sep 24, 2016 | 4.81 | 4.34 |
| Sep 26, 2015 | 5.57 | 4.34 |
| Sep 27, 2014 | 5.53 | 4.27 |
| Sep 28, 2013 | 3.82 | 3.80 |
| Sep 29, 2012 | 4.74 | 3.76 |
| Sep 24, 2011 | 4.86 | 3.89 |
| Sep 25, 2010 | 5.91 | 4.18 |
| Sep 26, 2009 | 6.39 | 4.38 |
| Sep 27, 2008 | 4.37 | 4.03 |
| Sep 29, 2007 | 9.90 | 8.87 |
| Sep 30, 2006 | 7.30 | 7.64 |
| Sep 24, 2005 | 8.08 | 7.78 |
Based on: 10-K (filing date: 2019-10-31), 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-27), 10-K (filing date: 2013-10-30), 10-K (filing date: 2012-10-31), 10-K (filing date: 2011-10-26), 10-K (filing date: 2010-10-27), 10-K (filing date: 2009-10-27), 10-K (filing date: 2008-11-05), 10-K (filing date: 2007-11-15), 10-K (filing date: 2006-12-29), 10-K (filing date: 2005-12-01).