AAPL.US

Apple Inc.

United StatesTechnologyElectronic ComputersNasdaq

339.31

USD · Close 2 Nov 2026

Intrinsic value vs last close

Model estimate

Comparison requires review

−60.3%Intrinsic value vs last close

Last close (USD): 339.31
Intrinsic value (USD): 134.83

Intrinsic value = sector model's value (no adjustment)

Earnings-capitalised value

124.33−63.4%vs last close

Cost of equity 10.7% · price volatility 24.1%

Last year's earnings per share, capitalised at a cost of equity that rises with this share's own price swings, growing at the sector's long-run rate.

This is a different figure from the intrinsic value above. The intrinsic value is what the sector model says the business is worth. On Vietnamese stocks this figure has ranked future returns best in our track record; this market has no track record here yet.

Why it needs review

The cash-flow figures needed for a comparison are missing.

This estimate remains visible for checking its calculation. Its inputs require review before using it in a stock comparison. The model comparison behind this value needs review. The estimate does not remove the data limitations listed above.

Comparison assessed 3 Nov 2026Valid through 2 Dec 2026

Model reliability: High; Model fitInput stabilityRisk checks; High requires the model’s diagnostic criteria to be met.
Probability of outperforming peers: Not assessed; A separate peer-outperformance probability is unavailable for this valuation.

Assessed 2 Nov 2026Not updated with daily prices

These assessments address different questions. Neither establishes that the displayed valuation is correct or guarantees a future return.

Published filingsValued 2 Nov 2026Anchored to close on 2 Nov 2026The gap is recalculated when the close changes; the value updates weekly.

Valuation Breakdown

Electronic Computers→Technology

Classified as technology from the industry its market data reports: “Electronic Computers”.

ModelDCF + P/E Blend

Intrinsic = 60% x DCF Value + 40% x (Fair P/E x EPS)

Technology companies combine high growth potential with the risk of overvaluation. This model blends DCF (60% weight, capturing long-duration growth) with a P/E sanity check (40% weight, capping speculative excess). The DCF lets growth fade more slowly than in any other sector, recognizing that tech companies can sustain competitive advantages longer. The P/E component applies a dynamic ceiling: max P/E = min(growth% x 1.5, 30), preventing runaway valuations.

Technical details

Why this model

Tech firms combine high growth potential with current profitability that peers can benchmark. Pure DCF could overvalue if growth assumptions are too aggressive. The P/E blend acts as a market-calibrated anchor, while the PEG-based cap prevents paying excessive multiples.

How it works

DCF: 10-year FCF projection with growth capped at 20%, fading more slowly than in any other sector toward the sector's long-run growth rate. P/E: 5-year median P/E capped at dynamic ceiling (growth x 1.5, max 30). Blend: 60% DCF + 40% P/E.

Best for

Technology and IT companies where high growth potential must be balanced against the risk of speculative overvaluation.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.94%

Betasector default

1.095

ERP

4.20%

CRP

0.22%

Cost of Equity (Ke)

9.76%

E/(D+E)

37.16%

Kd(1-t)

2.18%

D/(D+E)

62.84%

WACC

8.50%

Growth Estimate

fundamental firm blend5.00%

Growth decays 5%/yr toward terminal

Model Inputs

Max fair P/E→8x

Valuation

We compare the sector model's value with the last close. This market has no track record here yet, so the value is shown as the model gives it.

Last close (USD)→339.31

Intrinsic value vs last close→−60.3%

Intrinsic value = sector model's value (no adjustment)

Intrinsic value (USD)

134.83

What feeds each step— click a source to highlight it in the statements

Discount rate (WACC)8.50%

Growth rate5.00%growth method: fundamental firm blend

Base cash flowone off strip ratio: 0

DCF Sensitivity

Values from the standalone DCF scenarios below. These scenarios leave out the other parts of a blended model and do not reproduce the headline value.

WACC \ Growth	2.0%	3.5%	5.0%	6.5%	8.0%
6.5%	357.51	362.79	368.98	393.39	435.29
7.5%	237.89	241.40	245.52	261.48	288.44
8.5%	178.07	180.71	183.80	195.53	215.06
9.5%	142.18	144.30	146.76	155.97	171.08
10.5%	118.26	120.02	122.07	129.61	141.78

Above market priceBelow market priceCurrent estimate

Feeds valuation:Cost of capitalGrowthModel inputsFinal calculation

Line item	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash and cash equivalentsNet debt bridge	·	35,934	29,943	29,965	23,646	34,940	38,016	48,844	25,913	20,289	20,484	21,120	13,844	14,259	10,746	9,815	11,261	5,263	11,875	9,352	6,392
Short-term investmentsNet debt bridge	·	18,763	35,228	31,590	24,658	27,699	52,927	51,713	40,388	·	·	·	·	·	·	·	14,359	18,201	·	·	·
Inventories, Net	·	5,718	7,286	6,331	4,946	6,580	4,061	4,106	3,956	4,855	2,132	2,349	2,111	1,764	791	776	1,051	455	509	·	·
Fixed assets	·	49,834	45,680	43,715	42,117	39,440	36,766	37,378	41,304	33,783	27,010	22,471	20,624	16,597	15,452	7,777	·	·	·	·	·
TOTAL ASSETS	·	359,241	364,980	352,583	352,755	351,002	323,888	338,516	365,725	375,319	321,686	290,479	231,839	207,000	176,064	116,371	75,183	53,851	39,572	·	·
Short-term borrowingsDiscount rate (WACC) +1	·	12,350	10,912	9,822	11,128	9,613	8,773	10,260	8,784	6,496	3,500	2,500	0.00	·	·	·	·	·	·	·	·
Long-term borrowingsDiscount rate (WACC) +1	·	78,328	85,750	95,281	98,959	109,106	98,667	91,807	93,735	97,207	75,427	53,463	28,987	16,960	0.00	·	·	·	·	·	·
OWNER'S EQUITYDiscount rate (WACC)	·	73,733	56,950	62,146	50,672	63,090	65,339	90,488	107,147	134,047	128,249	119,355	111,547	123,549	118,210	76,615	47,791	27,832	21,030	14,532	9,984

Earnings Quality

Fiscal year 2025

Good

Accrual QualityLow accruals vs reported earnings

Cash ConversionOperating cash flow vs net income

Margin StabilityConsistency of profit margins

100

Revenue QualityConsistency of revenue growth

Quantitative Scores

F-Score

6/9

Neutral

Sharpe

0.75

Positive

Composite

70 and above

Piotroski F-Score Breakdown

✓Net Income > 0

✓Operating CF > 0

✓ROA Rising

✗OCF > Net Income

✓Lower Leverage

✗Better Liquidity

✓No Dilution

✗Margin Up

✓Turnover Up

Price Risk

Momentum

+23.0%

Volatility

25.7%

Max Drawdown

−13.8%

Key Ratios