Price to Operating Profit (P/OP)
since 2005
Calculation
Apple Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 26, 2020 | 27.92 | = | 108.86 | ÷ | 3.90 | 3.90 | = | 66,288 | ÷ | 17,001,802,000 | |
| Sep 28, 2019 | 17.29 | = | 62.19 | ÷ | 3.60 | 3.60 | = | 63,930 | ÷ | 17,773,060,000 | |
| Sep 29, 2018 | 13.49 | = | 50.40 | ÷ | 3.74 | 3.74 | = | 70,898 | ÷ | 18,981,592,000 | |
| Sep 30, 2017 | 14.44 | = | 43.13 | ÷ | 2.99 | 2.99 | = | 61,344 | ÷ | 20,537,248,000 | |
| Sep 24, 2016 | 10.27 | = | 28.90 | ÷ | 2.81 | 2.81 | = | 60,024 | ÷ | 21,329,252,000 | |
| Sep 26, 2015 | 9.34 | = | 29.82 | ÷ | 3.19 | 3.19 | = | 71,230 | ÷ | 22,301,324,000 | |
| Sep 27, 2014 | 11.74 | = | 26.28 | ÷ | 2.24 | 2.24 | = | 52,503 | ÷ | 23,459,360,000 | |
| Sep 28, 2013 | 9.64 | = | 18.75 | ÷ | 1.94 | 1.94 | = | 48,999 | ÷ | 25,192,664,000 | |
| Sep 29, 2012 | 10.14 | = | 21.26 | ÷ | 2.10 | 2.10 | = | 55,241 | ÷ | 26,339,376,000 | |
| Sep 24, 2011 | 11.02 | = | 14.31 | ÷ | 1.30 | 1.30 | = | 33,790 | ÷ | 26,023,452,000 | |
| Sep 25, 2010 | 15.37 | = | 11.00 | ÷ | 0.72 | 0.72 | = | 18,385 | ÷ | 25,684,598,772 | |
| Sep 26, 2009 | 23.22 | = | 7.05 | ÷ | 0.30 | 0.30 | = | 7,658 | ÷ | 25,218,997,244 | |
| Sep 27, 2008 | 14.64 | = | 3.69 | ÷ | 0.25 | 0.25 | = | 6,275 | ÷ | 24,890,183,444 | |
| Sep 29, 2007 | 32.64 | = | 5.87 | ÷ | 0.18 | 0.18 | = | 4,409 | ÷ | 24,515,127,672 | |
| Sep 30, 2006 | 29.72 | = | 3.03 | ÷ | 0.10 | 0.10 | = | 2,453 | ÷ | 24,059,665,196 | |
| Sep 24, 2005 | 36.61 | = | 2.56 | ÷ | 0.07 | 0.07 | = | 1,650 | ÷ | 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/OP, 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 | 27.92 | — | 33.76 | 18.50 | 44.03 | 12.73 | — | 20.40 | 19.51 | 66.38 | 23.32 | — |
| Sep 28, 2019 | 17.29 | 91.66 | 24.74 | 16.36 | 36.85 | 14.46 | 13.29 | 12.12 | 6.83 | 24.82 | 12.60 | 21.46 |
| Sep 29, 2018 | 13.49 | 51.38 | 17.62 | 6.74 | 19.42 | 17.56 | 9.40 | 8.66 | 3.20 | 45.61 | 103.26 | 15.00 |
| Sep 30, 2017 | 14.44 | 59.52 | 30.97 | 14.35 | 44.93 | 13.14 | 11.86 | 13.68 | 7.98 | 31.30 | 30.15 | 16.81 |
| Sep 24, 2016 | 10.27 | — | 21.85 | 16.54 | — | 12.46 | 13.40 | 13.46 | 106.63 | 23.81 | 0.23 | 16.07 |
| Sep 26, 2015 | 9.34 | — | 22.69 | 12.92 | 23.80 | 12.36 | 9.66 | 14.45 | 6.04 | 16.42 | 15.68 | 12.34 |
| Sep 27, 2014 | 11.74 | — | 23.01 | 19.66 | 59.05 | 13.57 | 10.60 | 16.98 | 11.23 | 19.81 | 17.00 | 15.64 |
| Sep 28, 2013 | 9.64 | 26.08 | 20.62 | 46.30 | 23.29 | 11.57 | 10.02 | 64.10 | 74.52 | 12.11 | 16.30 | 17.02 |
| Sep 29, 2012 | 10.14 | — | 14.67 | 31.47 | 13.51 | 10.03 | 7.13 | 26.83 | — | 14.05 | 17.43 | 19.14 |
| Sep 24, 2011 | 11.02 | 14.16 | 9.26 | 6.04 | 12.05 | 11.45 | 7.62 | 5.54 | 7.18 | 40.54 | 17.45 | 12.75 |
| Sep 25, 2010 | 15.37 | 7.42 | 11.93 | 12.82 | 13.69 | 13.19 | 7.79 | 10.92 | 4.84 | — | 22.51 | 9.25 |
| Sep 26, 2009 | 23.22 | 8.03 | 30.48 | — | 82.09 | 18.26 | 20.19 | — | — | — | 32.90 | 15.16 |
| Sep 27, 2008 | 14.64 | — | 7.90 | 10.25 | — | 13.94 | 7.50 | 9.40 | — | 13.29 | 14.67 | 8.01 |
| Sep 29, 2007 | 32.64 | — | 16.49 | 10.36 | — | 22.64 | 14.36 | 6.12 | — | 22.51 | 22.57 | 11.81 |
| Sep 30, 2006 | 29.72 | — | 20.89 | 12.54 | — | 19.82 | 21.27 | 14.38 | 30.18 | 24.83 | 22.34 | 13.27 |
| Sep 24, 2005 | 36.61 | 84.32 | 26.80 | 21.07 | — | 15.37 | 9.99 | 10.23 | 39.55 | 36.75 | 27.83 | 17.12 |
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).