As of October 15, 2024, Apple's fair value using the Peter Lynch formula is $295.65 per share. The current price of $233.80 suggests Apple may be undervalued by this metric.
As of October 15, 2024, Apple's P/E ratio is 35.59. This is calculated by dividing the current share price of $233.80 by the Earnings per Share (EPS) for the trailing twelve months, which is $6.57. The P/E ratio indicates how much investors are willing to pay for each dollar of earnings.
Apple earnings per share (EPS) for the twelve months ending June 30, 2024, was ***$6.58***, a 10.59% growth year-over-year.