Price to Book Value (P/BV)
since 2005
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 26, 2020 | 28.33 | = | 108.86 | ÷ | 3.84 | 3.84 | = | 65,339 | ÷ | 17,001,802,000 | |
| Sep 28, 2019 | 12.21 | = | 62.19 | ÷ | 5.09 | 5.09 | = | 90,488 | ÷ | 17,773,060,000 | |
| Sep 29, 2018 | 8.93 | = | 50.40 | ÷ | 5.64 | 5.64 | = | 107,147 | ÷ | 18,981,592,000 | |
| Sep 30, 2017 | 6.61 | = | 43.13 | ÷ | 6.53 | 6.53 | = | 134,047 | ÷ | 20,537,248,000 | |
| Sep 24, 2016 | 4.81 | = | 28.90 | ÷ | 6.01 | 6.01 | = | 128,249 | ÷ | 21,329,252,000 | |
| Sep 26, 2015 | 5.57 | = | 29.82 | ÷ | 5.35 | 5.35 | = | 119,355 | ÷ | 22,301,324,000 | |
| Sep 27, 2014 | 5.53 | = | 26.28 | ÷ | 4.75 | 4.75 | = | 111,547 | ÷ | 23,459,360,000 | |
| Sep 28, 2013 | 3.82 | = | 18.75 | ÷ | 4.90 | 4.90 | = | 123,549 | ÷ | 25,192,664,000 | |
| Sep 29, 2012 | 4.74 | = | 21.26 | ÷ | 4.49 | 4.49 | = | 118,210 | ÷ | 26,339,376,000 | |
| Sep 24, 2011 | 4.86 | = | 14.31 | ÷ | 2.94 | 2.94 | = | 76,615 | ÷ | 26,023,452,000 | |
| Sep 25, 2010 | 5.91 | = | 11.00 | ÷ | 1.86 | 1.86 | = | 47,791 | ÷ | 25,684,598,772 | |
| Sep 26, 2009 | 6.39 | = | 7.05 | ÷ | 1.10 | 1.10 | = | 27,832 | ÷ | 25,218,997,244 | |
| Sep 27, 2008 | 4.37 | = | 3.69 | ÷ | 0.84 | 0.84 | = | 21,030 | ÷ | 24,890,183,444 | |
| Sep 29, 2007 | 9.90 | = | 5.87 | ÷ | 0.59 | 0.59 | = | 14,532 | ÷ | 24,515,127,672 | |
| Sep 30, 2006 | 7.30 | = | 3.03 | ÷ | 0.41 | 0.41 | = | 9,984 | ÷ | 24,059,665,196 | |
| Sep 24, 2005 | 8.09 | = | 2.56 | ÷ | 0.32 | 0.32 | = | 7,466 | ÷ | 23,597,502,544 |
Based on: 10-K (filing date: 2020-10-30), 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. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Cisco Systems Inc. | Intel Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 26, 2020 | 28.33 | — | 4.22 | 7.63 | 7.40 | 4.57 | 2.84 | 10.55 | 1.50 | 15.48 | 24.00 | — |
| Sep 28, 2019 | 12.21 | 20.46 | 3.61 | 6.67 | 5.09 | 6.12 | 3.78 | 6.39 | 1.40 | 10.10 | 19.69 | 13.79 |
| Sep 29, 2018 | 8.93 | 18.30 | 3.02 | 4.73 | 3.74 | 5.00 | 2.94 | 4.28 | 1.49 | 19.60 | 82.57 | 11.20 |
| Sep 30, 2017 | 6.61 | 19.87 | 3.22 | 5.94 | 5.28 | 2.38 | 3.08 | 3.82 | 2.51 | 10.51 | 2.56 | 9.89 |
| Sep 24, 2016 | 4.81 | 31.66 | 4.35 | 4.93 | 3.84 | 2.48 | 2.60 | 2.45 | 1.48 | 3.98 | 0.05 | 7.36 |
| Sep 26, 2015 | 5.57 | — | 3.72 | 2.87 | 8.24 | 2.23 | 2.21 | 2.23 | 1.47 | 2.82 | 2.88 | 5.30 |
| Sep 27, 2014 | 5.53 | 12.72 | 3.64 | 3.80 | 7.97 | 2.24 | 2.91 | 2.29 | 3.22 | 2.21 | 3.28 | 5.94 |
| Sep 28, 2013 | 3.82 | 4.94 | 3.28 | 2.82 | 4.45 | 2.19 | 2.11 | 1.69 | 1.92 | 1.63 | 3.26 | 4.46 |
| Sep 29, 2012 | 4.74 | 3.45 | 2.90 | 1.79 | 3.25 | 1.97 | 2.04 | 1.24 | 0.72 | 2.20 | 2.95 | 3.45 |
| Sep 24, 2011 | 4.86 | 3.28 | 2.62 | 1.65 | 3.51 | 1.86 | 2.90 | 1.80 | 0.64 | 3.26 | 3.25 | 3.48 |
| Sep 25, 2010 | 5.91 | 6.21 | 3.36 | 2.35 | 4.24 | 2.73 | 2.46 | 2.63 | 0.96 | 3.71 | 3.54 | 4.00 |
| Sep 26, 2009 | 6.39 | 8.23 | 3.43 | 2.53 | 3.79 | 3.46 | 2.76 | 2.67 | 1.25 | 2.22 | 3.61 | 3.10 |
| Sep 27, 2008 | 4.37 | — | 2.04 | 1.84 | — | 3.83 | 1.72 | 2.69 | 0.42 | 4.24 | 3.05 | 2.09 |
| Sep 29, 2007 | 9.90 | 1.44 | 3.99 | 3.14 | — | 6.20 | 2.76 | 4.05 | 0.96 | 5.09 | 4.11 | 4.14 |
| Sep 30, 2006 | 7.30 | 1.42 | 3.36 | 3.81 | — | 5.80 | 3.27 | 4.19 | 1.30 | 5.79 | 4.48 | 3.93 |
| Sep 24, 2005 | 8.09 | 5.83 | 3.75 | 3.42 | — | 4.92 | 3.34 | 3.75 | 1.47 | 3.54 | 5.97 | 4.00 |
Based on: 10-K (filing date: 2020-10-30), 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 26, 2020 | 28.33 | — |
| Sep 28, 2019 | 12.21 | 7.28 |
| Sep 29, 2018 | 8.93 | 6.06 |
| Sep 30, 2017 | 6.61 | 4.65 |
| Sep 24, 2016 | 4.81 | 3.44 |
| Sep 26, 2015 | 5.57 | 3.75 |
| Sep 27, 2014 | 5.53 | 3.96 |
| Sep 28, 2013 | 3.82 | 3.03 |
| Sep 29, 2012 | 4.74 | 3.23 |
| Sep 24, 2011 | 4.86 | 3.26 |
| Sep 25, 2010 | 5.91 | 3.55 |
| Sep 26, 2009 | 6.39 | 3.68 |
| Sep 27, 2008 | 4.37 | 2.84 |
| Sep 29, 2007 | 9.90 | 4.50 |
| Sep 30, 2006 | 7.30 | 4.14 |
| Sep 24, 2005 | 8.09 | 4.30 |
Based on: 10-K (filing date: 2020-10-30), 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 26, 2020 | 28.33 | — |
| Sep 28, 2019 | 12.21 | 7.20 |
| Sep 29, 2018 | 8.93 | 6.25 |
| Sep 30, 2017 | 6.61 | 5.50 |
| Sep 24, 2016 | 4.81 | 4.37 |
| 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 | 3.74 |
| Sep 24, 2011 | 4.86 | 3.87 |
| Sep 25, 2010 | 5.91 | 4.17 |
| Sep 26, 2009 | 6.39 | 4.36 |
| Sep 27, 2008 | 4.37 | 4.01 |
| Sep 29, 2007 | 9.90 | 8.71 |
| Sep 30, 2006 | 7.30 | 7.41 |
| Sep 24, 2005 | 8.09 | 7.67 |
Based on: 10-K (filing date: 2020-10-30), 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).