Apple forward PE AAPL
Share price divided by analysts' consensus earnings for the next twelve months, since 1995.
- Today, Oct 23, 2026
- 37.5×
- 10-year median
- 25.5×
- Against its 10-year history
- 100th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 13.0× to 37.5×
- Peer median
- 18.6×
Apple's forward PE is 37.5× as of Oct 23, 2026.
That is above its ten-year median of 25.5×, higher than on 100% of days in the last ten years.
Over that time it ranged from 13.0× in Jan 2019 to 37.5× in Oct 2026.
The median for 5 technology stocks of a similar size is 18.6×.
Forward PE over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 37.5× | 28.4× | 37.5× |
| 2025 | 32.2× | 24.4× | 33.8× |
| 2024 | 35.5× | 24.3× | 35.5× |
| 2023 | 29.4× | 21.8× | 31.6× |
| 2022 | 21.8× | 21.8× | 30.2× |
| 2021 | 30.9× | 22.4× | 31.2× |
| 2020 | 28.5× | 17.9× | 30.3× |
| 2019 | 24.8× | 13.0× | 24.8× |
| 2018 | 13.7× | 13.2× | 20.2× |
| 2017 | 15.2× | 14.4× | 16.3× |
| 2016 | 14.1× | 11.3× | 14.4× |
| 2015 | 12.7× | 12.5× | 14.9× |
| 2014 | 14.8× | 12.2× | 15.4× |
| 2013 | 14.2× | 10.1× | 14.2× |
| 2012 | 13.4× | 10.0× | 17.7× |
| 2011 | 9.7× | 8.7× | 15.4× |
| 2010 | 14.2× | 13.3× | 19.9× |
| 2009 | 19.8× | 15.3× | 22.1× |
| 2008 | 17.0× | 16.4× | 39.6× |
| 2007 | 42.0× | 27.0× | 42.3× |
Against its peers
Companies in Technology nearest Apple's size, closest first, today.
| Company | Forward PE |
|---|---|
| AAPLApple | 37.5× |
| NVDANVIDIA | 17.5× |
| MSFTMicrosoft | 26.7× |
| AVGOBroadcom | 18.6× |
| MUMicron Technology | 5.0× |
| AMDAdvanced Micro Devices | 45.7× |
| Peer median | 18.6× |
Where Apple ranks
What the forward PE tells you
Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.
Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.
More on Apple
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.