AAPL Apple Rich Indicative confidence

Collected by Financial Data Collector. Public sources only. Figures fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix) / Nov 11, 2026, 7:24 AM ET. Every figure is sourced below; anything not found is marked n/a (not found) — no numbers were invented.

Price and trading

Shares, cash, debt, beta

Cash / debt detail:

• stockanalysis “Cash & Marketable Securities”: $136.94B (stats updated Nov 11, 2026)
• Yahoo Finance financialData.totalCash: $56.72B (typically cash & short-term investments; may be narrower than SA’s cash + marketable securities)
• stockanalysis total debt: $94.48B
• Yahoo financialData.totalDebt: $94.48B (agrees with stockanalysis)
• stockanalysis net cash (debt): $42.46B → net cash $42.46B [consistent with SA EV vs market cap]
• Yahoo totalCash − totalDebt: -$37.76B → net debt $37.76B (may differ from SA if cash definitions differ)

TTM financials

stockanalysis TTM FCF (OCF − capex): $136.06B (OCF $145.10B + capex -$9.04B = $136.06B). Yahoo financialData.freeCashflow: $105.66B — this often matches stockanalysis levered FCF, not OCF−capex. Use OCF−capex for a standard FCF DCF unless you explicitly want levered FCF.

Recent historical annual figures

Fiscal year calendar: October - September. Figures in USD from stockanalysis.com financials / cash-flow pages (S&P Global Market Intelligence; source pages fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)). Values originally displayed in millions.

Note: Annual EBITDA is not published as a separate line on the free income-statement page, so the OpInc + D&A figure is an approximation (does not add other non-cash items). TTM EBITDA above is the source-reported figure.

Consensus estimates and growth

Yahoo Finance earningsTrend (cross-check; periods as labeled by Yahoo):

Caution: Yahoo’s “forward P/E” and forwardEps sometimes correspond to FY2 / a later year, not FY1. stockanalysis “Forward PE” is generally price / FY1 consensus EPS. Do not mix them. Also, for names that just reported, Yahoo’s 0q/0y rows can lag the print.

Current multiples

Primary set is stockanalysis (S&P GMI), which is internally consistent with that source’s price, market cap, EV, and TTM/FY1 figures (stats updated Nov 11, 2026, forecast updated Nov 11, 2026). Computed cross-checks use Yahoo last close $348.51 and Yahoo market cap $5.06T.

Earnings date

stockanalysis: last: Monday, November 2, 2026 after market close (stats updated Nov 11, 2026); Yahoo Finance calendarEvents: 2027-01-28 (Yahoo flagged as estimate); Yahoo consensus for that report: EPS 2.91 (low 2.83, high 3.18); revenue $156.43B (low $154.26B, high $158.13B)

Notable recent news

Headlines from Yahoo Finance news search, fetched Nov 11, 2026, 7:24 AM ET. These are the source’s recent items (not a complete news file) and have not been independently verified beyond the headline list.

• Nov 11, 2026, 6:55 AM ET — GlobeNewswire: YieldMax® ETFs Announces Weekly Distributions for Group 2 ETFs
• Nov 11, 2026, 6:04 AM ET — GuruFocus.com: What State Street Tech Select SPDR (XLK) Sold: Apple Leads on Nov. 9
• Nov 11, 2026, 6:04 AM ET — GuruFocus.com: What ProShares Ultra S&P500 2x Shares (SSO) Sold: Apple Leads on Monday
• Nov 11, 2026, 6:04 AM ET — GuruFocus.com: iShares Core S&P 500 (IVV) Sells $17.8 Million More Apple on Monday
• Nov 11, 2026, 6:03 AM ET — GuruFocus.com: Proshares Trust (TQQQ) Buys $70.7 Million More Apple on Nov. 9
• Nov 11, 2026, 6:03 AM ET — GuruFocus.com: State Street SPDR Portfolio S&P 500 (SPYM) Buys $75.6 Million More Apple on Monday

Missing / not available from public sources used

None of the requested core fields were missing from the public sources used.

Forward EBITDA consensus: n/a (not found) on the free stockanalysis and Yahoo modules used.

Sources

• Yahoo Finance quoteSummary API (price, summaryDetail, defaultKeyStatistics, financialData, calendarEvents, earningsTrend, incomeStatementHistory): https://query2.finance.yahoo.com/v10/finance/quoteSummary/AAPL — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix) / Nov 11, 2026, 7:24 AM ET
• Yahoo Finance chart API (pre/post included) close/pre-market cross-check: https://query1.finance.yahoo.com/v8/finance/chart/AAPL — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• stockanalysis.com statistics (S&P Global Market Intelligence): https://stockanalysis.com/stocks/aapl/statistics/ — stats updated Nov 11, 2026, fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• stockanalysis.com forecast (S&P Global Market Intelligence): https://stockanalysis.com/stocks/aapl/forecast/ — forecast updated Nov 11, 2026, fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• stockanalysis.com financials & cash-flow statement pages: https://stockanalysis.com/stocks/aapl/financials/ and .../financials/cash-flow-statement/ — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• Yahoo Finance news search: https://query1.finance.yahoo.com/v1/finance/search?q=AAPL — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• 10-year Treasury (for WACC context): 4.98% on Nov 10, 2026 (latest; Nov 11 is Veterans Day and the Treasury auction/bond market is closed). Source: https://home.treasury.gov daily par yield curve, November 2026 view.

• Risk-free: 10Y UST 5.0% (Nov 10, 2026 close per Data Collector; bond market closed Nov 11 for Veterans Day)
• Beta: 1.09 (5Y observed (Data Collector)); ERP 5.0% → cost of equity 10.4%
• Cost of debt: 10Y + 1.0% spread (assumption; no interest-rate data in inputs) = 6.0% pre-tax, 4.7% after 21% tax
• Weights (market): equity 98.2% / debt 1.8% (mkt cap $5,060.0B, debt $94.5B)
• WACC 10.3% → 10.3%

DCF Analyst model, rerun by Fair Value Coordinator on today's data. Input file: data/2026-11-11/AAPL.md. Generated 2026-11-11 07:16 MST (Phoenix).

Price used: $348.51 (regular-session close Nov 10, 2026). Shares 14,532M (diluted/implied, Yahoo impliedSharesOutstanding per Data Collector 2026-11-11).

WACC build

• Risk-free: 10Y UST 5.0% (Nov 10, 2026 close per Data Collector; bond market closed Nov 11 for Veterans Day)
• Beta: 1.09 (5Y observed (Data Collector)); ERP 5.0% → cost of equity 10.4%
• Cost of debt: 10Y + 1.0% spread (assumption; no interest-rate data in inputs) = 6.0% pre-tax, 4.7% after 21% tax
• Weights (market): equity 98.2% / debt 1.8% (mkt cap $5,060.0B, debt $94.5B)
• WACC 10.3% → 10.3%

Key assumptions

Base-case 5-year FCF ($B)

Terminal value check (base)

• Gordon TV $2,073.0B, PV $1,268.3B; EV $1,810.7B; TV share of EV 70.0%
• Implied exit multiple 13.1x year-5 FCF vs current EV/FCF TTM 36.9x (pre-SBC)
• FCF margin (after SBC, flat, base growth/WACC) needed to justify $348.51: 70.8% vs TTM 25.5%

Sensitivity – base case $/share (WACC vs terminal g)

Sources

• Yahoo Finance quoteSummary API (price, summaryDetail, defaultKeyStatistics, financialData, calendarEvents, earningsTrend, incomeStatementHistory): https://query2.finance.yahoo.com/v10/finance/quoteSummary/AAPL — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix) / Nov 11, 2026, 7:24 AM ET
• Yahoo Finance chart API (pre/post included) close/pre-market cross-check: https://query1.finance.yahoo.com/v8/finance/chart/AAPL — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• stockanalysis.com statistics (S&P Global Market Intelligence): https://stockanalysis.com/stocks/aapl/statistics/ — stats updated Nov 11, 2026, fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• stockanalysis.com forecast (S&P Global Market Intelligence): https://stockanalysis.com/stocks/aapl/forecast/ — forecast updated Nov 11, 2026, fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• stockanalysis.com financials & cash-flow statement pages: https://stockanalysis.com/stocks/aapl/financials/ and .../financials/cash-flow-statement/ — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• Yahoo Finance news search: https://query1.finance.yahoo.com/v1/finance/search?q=AAPL — fetched Nov 11, 2026, 5:24 AM MST (America/Phoenix)
• 10-year Treasury (for WACC context): 4.98% on Nov 10, 2026 (latest; Nov 11 is Veterans Day and the Treasury auction/bond market is closed). Source: https://home.treasury.gov daily par yield curve, November 2026 view.
• TTM SBC: https://stockanalysis.com/stocks/aapl/financials/cash-flow-statement/?p=trailing (fetched 2026-11-11 ~05:25 MST)

Caveats

• SBC treated as a cash cost (subtracted from FCF) – conservative; pre-SBC values would be materially higher.
• Shares are Yahoo implied/diluted (rerun by Coordinator on data/2026-11-11); cost of debt is a 10Y+100bp assumption.
• Revenue start point is TTM; consensus FY1/FY2 periods may not align with TTM. Mid-year discounting not applied (end-year, conservative).

• Multiples are computed from the same source financials for the ticker and every peer (not the vendor's black-box "Forward PE / Forward PS", which is not always consistent with consensus FY1/FY2 EPS and sales).
• NTM P/E and NTM EV/Sales use day-weighted NTM = w×FY1 + (1−w)×FY2, with w = days remaining to FY1 period end from 2026-11-11 ÷ 365.25. If FY2 is missing, FY1 is used and labeled as such.
• EV/EBITDA is trailing-twelve-month; forward EBITDA consensus is not on the free source.
• P/FCF uses consensus FY1 FCF (FY2 FCF is gated). Dropped when FY1 FCF is ≤ 0 or the implied P/FCF exceeds 150x (FCF too small to capitalize).
• P/E is dropped when NTM/FY1 EPS is ≤ 0.05 or the multiple exceeds 150x.
• Low / mid / high = peer 25th percentile / median / 75th percentile (linear interpolation, inclusive), applied to the ticker's own NTM EPS, NTM sales, TTM EBITDA, or FY1 FCF. EV multiples are converted to equity as (implied EV + net cash) / basic shares.
• A multiple enters the blended range only if at least three peers have a usable figure and the ticker's own denominator is meaningful.
• 5-year average and range of the ticker's own multiples are not available from the provided free source (the stockanalysis "Financial Ratio History" section is present as a heading with no figures in the scrape).

Analyst: Relative Valuation Analyst Company: Apple Price used: $348.51 at Nov 10, 2026, 4:00 PM EST close (not pre-market) Shares: 14.53B basic shares outstanding (S&P GMI via stockanalysis; not a fully diluted count) Net cash (debt): $42.46B Computed EV: $5,021.39B (= price × shares − net cash; may differ slightly from the rounded published EV)

Method

• Multiples are computed from the same source financials for the ticker and every peer (not the vendor's black-box "Forward PE / Forward PS", which is not always consistent with consensus FY1/FY2 EPS and sales).
• NTM P/E and NTM EV/Sales use day-weighted NTM = w×FY1 + (1−w)×FY2, with w = days remaining to FY1 period end from 2026-11-11 ÷ 365.25. If FY2 is missing, FY1 is used and labeled as such.
• EV/EBITDA is trailing-twelve-month; forward EBITDA consensus is not on the free source.
• P/FCF uses consensus FY1 FCF (FY2 FCF is gated). Dropped when FY1 FCF is ≤ 0 or the implied P/FCF exceeds 150x (FCF too small to capitalize).
• P/E is dropped when NTM/FY1 EPS is ≤ 0.05 or the multiple exceeds 150x.
• Low / mid / high = peer 25th percentile / median / 75th percentile (linear interpolation, inclusive), applied to the ticker's own NTM EPS, NTM sales, TTM EBITDA, or FY1 FCF. EV multiples are converted to equity as (implied EV + net cash) / basic shares.
• A multiple enters the blended range only if at least three peers have a usable figure and the ticker's own denominator is meaningful.
• 5-year average and range of the ticker's own multiples are not available from the provided free source (the stockanalysis "Financial Ratio History" section is present as a heading with no figures in the scrape).

Peer set

Mega-cap consumer and platforms plus hardware: MSFT, GOOG, AMZN and META are the scale-platform comps; DELL and QCOM are the hardware / PC / smartphone-supply-chain comps (the brief's “etc.”).

FY1 ends Sep 30, 2027 (w on FY1 = 0.884). Consensus FY1/FY2 non-GAAP EPS 9.4 / 10.55; NTM EPS 9.533. NTM sales $532.08B (FY1 $527.22B, FY2 $569.24B). TTM EBITDA $171.49B. Consensus FY1 FCF $148.08B.

Peer cells marked n/a (and why):

• GOOG FY1 P/FCF: FY1 P/FCF n/a (consensus FY1 FCF is negative or zero)
• AMZN FY1 P/FCF: FY1 P/FCF n/a (consensus FY1 FCF is negative or zero)
• META FY1 P/FCF: FY1 P/FCF n/a (consensus FY1 FCF is negative or zero)

Implied per-share value

Current multiples vs own history

5-year average and range: n/a. The provided stockanalysis statistics scrape includes a “Financial Ratio History” heading with no figures (likely gated). No 5-year P/E, EV/EBITDA, EV/Sales or P/FCF average was invented or taken from another unpaid-login source in time for this run.

Blended range

Weights: equal-weight average of 4 usable multiples (NTM P/E, NTM EV/Sales, EV/EBITDA (TTM), FY1 P/FCF).

Low / mid / high: $171.39 / $198.92 / $343.75 Vs close $348.51: mid is 42.9% below the close.

Adjustments and judgment

• AAPL trades at a premium to this mixed mega-cap / hardware set on every multiple, especially NTM P/E and TTM EV/EBITDA. The implied mid is therefore below the current price.
• The set is imperfect: MSFT/GOOG/AMZN/META are higher-growth platforms with different margin structures; DELL is a lower-multiple hardware analog; QCOM is a smartphone/semiconductor supplier. A “pure” consumer-electronics peer set does not exist at Apple’s scale.
• A premium to this group can be justified by the installed base, cash conversion and buybacks, but the relative screen says the shares are rich vs these comps, not cheap.

Data sources and as-of dates

• Prices: regular-session close Nov 10, 2026, 4:00 PM EST close (not pre-market), from stockanalysis.com pages (S&P Global Market Intelligence), cross-checked in the coordinator input files vs the Yahoo Finance chart API.
• Fundamentals and consensus: stockanalysis.com statistics (stats last updated on the pages on Nov 11, 2026) and forecast (this ticker's forecast page last updated Nov 11, 2026) for AAPL and each peer. Forecast update dates differ by ticker.
• Raw files: /workspace/fair-value/coordinator/2026-11-11/raw/ (fetched 2026-11-11 05:23 MST (America/Phoenix)). Official collector folder data/2026-11-11/ did not yet have ticker files when this run started; coordinator fallback input files were used.
• 5-year multiple history: n/a (not in the free scrape).
• Public web was used only to attempt WMT/COST for AMZN (stockanalysis Cloudflare 403; Yahoo quoteSummary unauthorized). No paid logins.
• Peer forecast update dates:
• AAPL: stats Nov 11, 2026, forecast Nov 11, 2026
• MSFT: stats Nov 11, 2026, forecast Nov 6, 2026
• GOOG: stats Nov 11, 2026, forecast Oct 30, 2026
• AMZN: stats Nov 11, 2026, forecast Nov 6, 2026
• META: stats Nov 11, 2026, forecast Nov 9, 2026
• DELL: stats Nov 11, 2026, forecast Nov 9, 2026
• QCOM: stats Nov 11, 2026, forecast Nov 11, 2026