apple price to book value chart
about 11 hours ago
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Key observations:
- Apple's P/B has ranged from roughly 25× to over 50× over this period, reflecting its asset-light, high-return business model
- The ratio spiked above 50× in late 2021 and again in mid-2023 during market rallies
- It pulled back into the 30–35× range during the 2022 tech selloff
- Currently sitting in the mid-30s range, elevated relative to most companies but consistent with Apple's massive buyback program — which shrinks book equity and inflates the P/B multiple
about 11 hours ago