AAPL P/B: current value, 10-year range and year-by-year history
Cash & Leverage
AAPL's p/b is higher than 82% of the last 10 years.
P/B History
AAPL P/B by year
Yearly range of AAPL’s p/b from 2016 to 2026. Over the full period it ranged from 4.4 to 69.3, averaging 29.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 34.2 | 42.1 | 46.7 | 45.6 |
| 2025 | 38.9 | 50.9 | 58.3 | 45.7 |
| 2024 | 34.4 | 48.0 | 69.3 | 56.8 |
| 2023 | 35.2 | 45.1 | 51.4 | 48.6 |
| 2022 | 31.7 | 41.5 | 49.5 | 41.3 |
| 2021 | 29.3 | 36.2 | 47.3 | 40.8 |
| 2020 | 11.2 | 22.7 | 35.3 | 34.3 |
| 2019 | 5.8 | 9.7 | 14.9 | 14.6 |
| 2018 | 5.7 | 7.8 | 10.5 | 6.4 |
| 2017 | 4.7 | 5.9 | 6.8 | 6.5 |
| 2016 | 4.4 | 4.8 | 5.0 | 4.9 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is AAPL P/B High or Low Right Now?
Apple Inc.'s P/B is currently 45.6, which is historically pricey relative to its 10-year historical range. The 10-year median P/B for AAPL is approximately 35.2. See all AAPL valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.