Apple price to book ratio AAPL

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026: 47.2×
10-year median: 35.9×
Against its 10-year history: 83rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.5× to 67.8×
Peer median: 12.5×

Apple's price to book ratio is 47.2× as of Oct 23, 2026.

That is above its ten-year median of 35.9×, higher than on 83% of days in the last ten years.

Over that time it ranged from 4.5× in Nov 2016 to 67.8× in Dec 2024.

The median for 5 technology stocks of a similar size is 12.5×.

Price to book ratio over time

median 35.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	47.2×	38.6×	54.3×
2025	54.8×	42.4×	64.6×
2024	67.8×	34.4×	67.8×
2023	48.2×	40.7×	49.6×
2022	40.8×	31.6×	48.9×
2021	46.2×	30.1×	46.7×
2020	34.5×	11.2×	34.5×
2019	14.2×	6.6×	14.2×
2018	6.9×	5.7×	9.6×
2017	6.5×	4.9×	6.7×
2016	4.8×	3.8×	5.0×
2015	4.9×	4.8×	6.2×
2014	6.0×	3.4×	6.3×
2013	4.1×	2.7×	4.2×
2012	4.1×	4.1×	6.6×
2011	4.9×	4.4×	6.7×
2010	6.2×	4.9×	6.9×
2009	6.8×	5.5×	7.1×

Against its peers

Companies in Technology nearest Apple's size, closest first, today.

Company	Price to book ratio
AAPLApple	47.2×
NVDANVIDIA	22.2×
MSFTMicrosoft	8.8×
AVGOBroadcom	15.4×
MUMicron Technology	7.2×
AMDAdvanced Micro Devices	12.5×
Peer median	12.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Apple

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.