ValueScreener
Named tests met5 of 30
354.88 USD Market data. Sources for Share priceClose of Nov 12, 2026

Market data as of Nov 12, 2026. Ratios computed Nov 12, 2026.

ValueScreener company report

NASDAQ / Technology / Consumer Electronics

Reading

The evidence behind it

Overview

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

77.1% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

39.39x Computed

FY2026 accounts, priced at 21:00 UTC

Read valuation

Cash generation

Free cash flow yield

2.6% Computed

FY2026 accounts, priced at 21:00 UTC

Read cash generation

Strength

Debt to equity

0.84 Computed

From the FY2026 filing

Read strength

Revenue and net income, as filed

FY2017 Revenue: 229.23B USDFY2017 Net income: 48.35B USDFY2018 Revenue: 265.60B USDFY2018 Net income: 59.53B USDFY2019 Revenue: 260.17B USDFY2019 Net income: 55.26B USDFY2020 Revenue: 274.51B USDFY2020 Net income: 57.41B USDFY2021 Revenue: 365.82B USDFY2021 Net income: 94.68B USDFY2022 Revenue: 394.33B USDFY2022 Net income: 99.80B USDFY2023 Revenue: 383.29B USDFY2023 Net income: 97.00B USDFY2024 Revenue: 391.04B USDFY2024 Net income: 93.74B USDFY2025 Revenue: 416.16B USDFY2025 Net income: 112.01B USDFY2026 Revenue: 478.83B USDFY2026 Net income: 132.18B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Market capitalisation
5.16T USD Market data. Sources for Market capitalisation21:00 UTC
Filed accounts
FY2026, filed Nov 3, 2026
Filed years
11, FY2016 to FY2026
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 39.39x at the close of 2026-11-12 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Technology sector (365 companies), 39.39x sits at the 65th percentile; the middle half of that group runs from 15.79x to 54.45x.

Is it good

Return on invested capital was 77.1% in FY2026, in the band labelled "Exceptional" (20.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on the capital in the business well above the usual cost of that capital.

Today, against the Technology sector (223 companies), 77.1% sits at the 98th percentile; the middle half of that group runs from 1.2% to 18.2%.

Is it safe

Net debt to EBITDA was 0.34x in FY2026, in the band labelled "Low leverage" (below 1.00x), on lines set by credit-analyst convention, suggesting debt that a year or so of operating earnings would repay.

No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.

Year by year against peers
Whether Apple Inc.'s return on invested capital stayed above the median of the Technology sector, year by year. (FY2019 to FY2025, 7 fiscal years of Apple Inc. with a comparable figure)
The direction
Which way Apple Inc.'s return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Apple Inc.)
What could explain it
What in Apple Inc.'s filed statements could explain the movements. (13 readings drawn from the statement lines Apple Inc. filed)
What to check next
What to check next on Apple Inc., and where in its filings. (5 questions for Apple Inc.)
In one paragraph
One paragraph on Apple Inc.'s returns, cash, balance sheet and price. (15 of sixteen figures read for Apple Inc.)

These are AAPL’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

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What changed

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Nov 3, 2026, accession 0000320193-26-000026.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

  • One figure could not be read on this company: Interest Coverage.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Then we check your line against newly filed data and write to you the night our data shows it broke. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published. It is Professional, the plan a new account starts on for 30 days, one trial per person.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, and what it can mean for a thesis.

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