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Price: $347.19-0.29% close / closeMarket cap: 5.1T USDOct 23, 2026 · Daily data

Apple Inc.

NASDAQ:AAPL

1.RELATIVE VALUATION

Data as of Oct 23, 2026

Apple Inc. (AAPL) has an estimated multiples-based value of $221.90 (Base Case).

Compared with the market price of $347.19, the stock appears 36% overvalued.

This estimate uses the valuation multiples selected by the source for this company.

Explore valuation multiples →

AAPL Multiples-Based Value

$221.90
OVERVALUATION 36%
Multiples-Based Value$221.90
Price$347.19
Valuation scenarios

EV/EBITDA valuation multiple

Oct 23, 2026
20% expensivevs 3Y median · 25.3x
EV/EBITDA
16212632Nov 21Jan 23Apr 24Jul 25Oct 26
3Y median25.3x
Forward 1Y29.43x
Forward 2Y27.73x
Forward 3Y25.23x

Understanding EV/EBITDA

Uses earnings before interest, tax, depreciation and amortization. EBITDA is not free cash flow; it leaves out investment spending and working-capital needs.

EV/EBITDA = Enterprise value / EBITDA

A numerical breakdown that reconciles with this multiple is unavailable, so only the formula definition is shown.

What does the historical comparison mean?

The cheap/expensive label compares the current multiple with the supplied three-year median. It is a comparison with this company’s own history, not with every stock in its industry. A lower multiple can also reflect weaker growth or greater risk.

Why can forward multiples look different?

A forward multiple uses an estimated future financial measure instead of the trailing figure. A lower forward ratio may reflect expected improvement, but that improvement is not yet a reported result. Read the forecast period and assumptions before comparing it with the current multiple.

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Valuations are estimates, not investment advice. Figures may use different source dates.