Apple (BUE:AAPL) Price-to-Tangible-Book

: 30.94 (As of Today)

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As of today (2024-04-18), Apple's share price is ARS8923.00. Apple's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ARS288.43. Hence, Apple's Price to Tangible Book Ratio of today is 30.94.

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

BUE:AAPL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.05 Med: 8.79 Max: 50.36
Current: 35.05

During the past 13 years, Apple's highest Price to Tangible Book Ratio was 50.36. The lowest was 4.05. And the median was 8.79.

BUE:AAPL's Price-to-Tangible-Book is ranked worse than
99.04% of 2302 companies
in the Hardware industry
Industry Median: 1.99 vs BUE:AAPL: 35.05

A closely related ratio is called PB Ratio. As of today, Apple's share price is ARS8923.00. Apple's Book Value per Sharefor the quarter that ended in Dec. 2023 was ARS288.43. Hence, Apple's P/B Ratio of today is 30.94.

Apple Price-to-Tangible-Book Historical Data

The historical data trend for Apple's Price-to-Tangible-Book 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

Price-to-Tangible-Book

7.48

35.67

43.54

58.78

60.54

Apple Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																44.30	51.33	64.45	60.54	65.03

Competitive Comparison

For the Consumer Electronics subindustry, Apple's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

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

* The bar in red indicates where Apple's Price-to-Tangible-Book falls into.

Apple Price-to-Tangible-Book Calculation

Apple's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	8923.00	/	288.433
	=	30.94

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Apple Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Apple's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Apple (BUE:AAPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (BUE:AAPL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AAPL:USA AAPL:Peru AAPL:Mexico AAPL:Italy APCd:UK 0R2V:UK APC:Germany AAPL:Chile AAPL:Canada AAPL34:Brazil AAPL:Austria

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.