Apple Inc. (AAPL)

DCF Valuation · Technology · Consumer Electronics

Valuation as at 2026-08-04 · refreshed with the S&P 500 Most Undervalued screen

About Apple Inc.

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple branded and third-party accessories.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Apple Inc. AAPL

Technology · Consumer Electronics

Price
$303.42
Market Cap
$4428.17B
Free Cash Flow
$107.72B
Beta
1.09
P/E (TTM)
34.8x
52-Week Range
$201.68–$344.57

AAPL's price & financial trends

Quarterly reporting periods — the most granular consistent series Yahoo provides for this market.

Data refreshed 2026-08-04

Share price · last 2 years

$308.91 +35% vs first period
S&P 500 $229.00$250.42$212.50$232.14$271.86$271.35$308.91 2024-082024-122025-042025-082025-122026-042026-07

Earnings per share (diluted)

$2.02 +29% vs first period
$1.57$1.85$2.84$2.01$2.02Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Free cash flow

$31.91B +31% vs first period
$24.41B$26.49B$51.55B$26.73B$31.91BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share

$0.27 +4% vs first period
$0.26$0.26$0.26$0.26$0.27Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Intrinsic value estimate · 5-year forecast

BEAR
$117.18
vs current $303.42
-61.4% ❌ Overvalued
BASE
$205.58
vs current $303.42
-32.2% ❌ Overvalued
BULL
$312.67
vs current $303.42
+3.0% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Risk-free rate
4.75% ● LIVE
Live 10-yr govt bond
Beta
1.09
Direct from Yahoo
Equity risk premium
5.50%
Market-specific seed
Cost of debt
5.00%
Estimated (no debt/interest data)
Tax rate
25.00%
Estimated default
Capital structure
E 98% / D 2%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth11.3%22.6%30.0%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)11.59%10.59%9.59%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.75% + 1.09 × 5.50% = 10.72% · WACC = weighted by 98%/2% capital structure

These numbers come from running Apple Inc.'s cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or AAPL's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with AAPL →

More S&P 500 Most Undervalued stocks

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Refreshed on the same cycle as the S&P 500 Most Undervalued screen. Change any assumption yourself in the full interactive tool.

Frequently asked questions

Is AAPL undervalued?

The Base-case DCF estimates intrinsic value at $205.58 vs a current price of $303.42 — a -32.2% margin, so the Base case reads overvalued. This is a mechanical output, not advice.