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apple price to book value chart

about 11 hours ago
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Loading chart...The price-to-book ratio isn't available as a pre-built series, so I'll need to compute it. Let me load the necessary data — price history and balance sheet data for AAPL.Now I'll compute the price-to-book ratio. I need to merge the daily price with quarterly book value per share (totalshareholderequity / commonstockshares_outstanding) and calculate P/B.

Loading chart...Here's Apple's price-to-book ratio from September 2021 to present.

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