Apple Inc. (AAPL)
Electronic Computers
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
EPS: $7.46
Book value / share: $4.99
Formula: √(22.5 × EPS × BVPS)
Graham Number
$28.94
91% downside
Norm. op. income: $114.3B (median of 7yr)
Tax rate: 16%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$62.86
80% downside
Base FCF: $99.6B (median of recent 5yr)
Growth: 15%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$231.60
25% downside
EPS: $7.46
Target P/E: 46×
Formula: EPS × P/E
P/E Fair Value
$343.16
+11% upside
Institutional Ownership
62.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|
| BlackRock, Inc. | 1144.92M | $290.57B | 7.81% | -11.50M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 953.85M | $241.72B | 6.50% | -- | 2026-03-31 |
| STATE STREET CORP | 602.34M | $152.87B | 4.11% | -1.72M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 368.62M | $93.30B | 2.51% | +10.58M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 331.44M | $84.11B | 2.26% | -- | 2026-03-31 |
| FMR LLC | 307.44M | $78.03B | 2.10% | +44.8K | 2026-03-31 |
| MORGAN STANLEY | 244.47M | $62.05B | 1.67% | +13.99M | 2026-03-31 |
| Berkshire Hathaway Inc | 227.92M | $57.84B | 1.55% | -- | 2026-03-31 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 200.43M | $50.87B | 1.37% | -3.07M | 2026-03-31 |
| NORTHERN TRUST CORP | 159.27M | $40.42B | 1.09% | -1.40M | 2026-03-31 |
