Metric Deep Dive: Understanding Apple Inc (AAPL) Through its Ratios

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After finishing at $214.29 in the prior trading day, Apple Inc (NASDAQ: AAPL) closed at $209.68, down -2.15%. In other words, the price has decreased by -$2.15 from its previous closing price. On the day, 85.99 million shares were traded. AAPL stock price reached its highest trading level at $214.24 during the session, while it also had its lowest trading level at $208.85.


Our goal is to gain a better understanding of AAPL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 1.24.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on June 18, 2024, Reiterated its Overweight rating but revised its target price to $245 from $225 previously.

On June 11, 2024, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $200 to $230.

Itau BBA Upgraded its Underperform to Market Perform on May 03, 2024, whereas the target price for the stock was revised from $162 to $188.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 ’24 when LEVINSON ARTHUR D sold 75,000 shares for $191.58 per share. The transaction valued at 14,368,500 led to the insider holds 4,359,576 shares of the business.

KONDO CHRIS sold 4,999 shares of AAPL for $951,785 on May 15 ’24. The Principal Accounting Officer now owns 29,278 shares after completing the transaction at $190.40 per share. On Apr 11 ’24, another insider, WILLIAMS JEFFREY E, who serves as the COO of the company, sold 59,162 shares for $172.22 each. As a result, the insider received 10,188,880 and left with 489,944 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AAPL now has a Market Capitalization of 3287824203776 and an Enterprise Value of 3252690354176. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.61, and their Forward P/E ratio for the next fiscal year is 28.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.43 while its Price-to-Book (P/B) ratio in mrq is 43.35. Its current Enterprise Value per Revenue stands at 8.523 whereas that against EBITDA is 25.092.

Stock Price History:

The Beta on a monthly basis for AAPL is 1.25, which has changed by 0.12320554 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, AAPL has reached a high of $220.20, while it has fallen to a 52-week low of $164.07. The 50-Day Moving Average of the stock is 13.21%, while the 200-Day Moving Average is calculated to be 14.77%.

Shares Statistics:

The stock has traded on average 65.03M shares per day over the past 3-months and 98980310 shares per day over the last 10 days, according to various share statistics. A total of 15.55B shares are outstanding, with a floating share count of 15.32B. Insiders hold about 0.09% of the company’s shares, while institutions hold 61.96% stake in the company. Shares short for AAPL as of 1715731200 were 99287450 with a Short Ratio of 1.75, compared to 1713139200 on 101912593. Therefore, it implies a Short% of Shares Outstanding of 99287450 and a Short% of Float of 0.64999997.

Dividends & Splits

In the trailing 12 months, AAPL’s forward annual dividend rate was 0.96, compared to 0.97 this year. Against a Trailing Annual Dividend Yield of 0.0044799102The stock’s 5-year Average Dividend Yield is 0.71. The current Payout Ratio is 15.32% for AAPL, which recently paid a dividend on 2024-02-09 with an ex-dividend date of 1715299200. Stock splits for the company last occurred on 2020-08-31 when the company split stock in a 4:1 ratio.

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