Apple (NEOE:AAPL) EV-to-EBIT

: 22.71 (As of Today)

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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Apple's Enterprise Value is C$3,716,835 Mil. Apple's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$163,688 Mil. Therefore, Apple's EV-to-EBIT for today is 22.71.

The historical rank and industry rank for Apple's EV-to-EBIT or its related term are showing as below:

NEOE:AAPL' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.19 Med: 13.65 Max: 32.86
Current: 22.36

During the past 13 years, the highest EV-to-EBIT of Apple was 32.86. The lowest was 6.19. And the median was 13.65.

NEOE:AAPL's EV-to-EBIT is ranked worse than
63.22% of 1702 companies
in the Hardware industry
Industry Median: 16.455 vs NEOE:AAPL: 22.36

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Apple's Enterprise Value for the quarter that ended in Dec. 2023 was C$3,658,516 Mil. Apple's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$163,688 Mil. Apple's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.47%.

Apple EV-to-EBIT Historical Data

The historical data trend for Apple's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EV-to-EBIT

14.46

28.41

21.34

18.64

23.05

Apple Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EV-to-EBIT																18.24	23.09	26.91	23.05	24.80

Competitive Comparison

For the Consumer Electronics subindustry, Apple's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Apple EV-to-EBIT Distribution

For the Hardware industry and Technology sector, Apple's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Apple's EV-to-EBIT falls into.

Apple EV-to-EBIT Calculation

Apple's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	3716834.929	/	163687.834
	=	22.71

Apple's current Enterprise Value is C$3,716,835 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$163,688 Mil.

Apple (NEOE:AAPL) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Apple's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	163687.834	/	3658516.074
	=	4.47 %

Apple's Enterprise Value for the quarter that ended in Dec. 2023 was C$3,658,516 Mil.
Apple's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$163,688 Mil.

Apple EV-to-EBIT Related Terms

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Apple (NEOE:AAPL) Business Description

Industry

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Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.