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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Page: Earnings Power Value

Apple Inc.

Ticker: AAPL | Industry: Consumer Electronics | Sector: Technology
$248.04 +0.72 (0.29%)
As of: 2026-01-23

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Valuation Snapshot

Intrinsic Range$92.38 — $126.85
Selected Value (Mid)$109.62
Live Price$274.20
Upside / Downside-60.02%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$92.38$109.62$126.85

Normalized EBIT Margin

ScenarioMargin
Low27.18%
Mid31.97%
High36.77%

Normalized Tax Rate

MetricValue
Tax Rate15.61%

Adjusted Earnings (NOPAT)

ScenarioValue
Low95,438,758,109
Mid112,280,891,893
High129,123,025,676

Capital Structure

ComponentValue
Net Debt78,838,000,000
Shares Outstanding14,948,500,000
WACC6.54%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin31.97%73.34%
NOPAT (Earnings)112,280,891,893257,556,339,502
Enterprise Value1,717,450,844,2293,939,587,095,000

Valuation Details

MetricLowMidHigh
Enterprise Value1,459,833,217,5951,717,450,844,2291,975,068,470,863
(-) Net Debt78,838,000,00078,838,000,00078,838,000,000
(=) Equity Value1,380,995,217,5951,638,612,844,2291,896,230,470,863
(/) Shares Outstanding14,948,500,00014,948,500,00014,948,500,000
(=) Fair Value$92.38$109.62$126.85
Live Price$274.20$274.20$274.20
Upside %-66.31%-60.02%-53.74%

High-Upside EPV Screener

US Market Global Market
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Ticker Company Price EPV Upside
FULT Fulton Financial Corporation $19.98 $23.63 18.25%
BOTJ Bank of the James Financial Group, Inc. $18.39 $22.35 21.53%
CBAN Colony Bankcorp, Inc. $17.91 $22.20 23.98%
CZWI Citizens Community Bancorp, Inc. $17.69 $22.10 24.95%
INSI Insight Select Income Fund $16.23 $21.78 34.17%
SOJE Southern Company (The) Series 2 $18.12 $21.77 20.13%
SBH Sally Beauty Holdings, Inc. $15.21 $21.53 41.53%
ETB Eaton Vance Tax-Managed Buy-Write Income Fund $15.45 $21.43 38.70%
MCI Barings Corporate Investors $18.58 $21.42 15.30%
SWKH SWK Holdings Corporation $17.30 $21.36 23.46%
LBAI Lakeland Bancorp, Inc. $13.43 $20.95 56.00%
IAF Abrdn Australia Equity Fund Inc $12.96 $20.54 58.50%
PBFS Pioneer Bancorp, Inc. $13.35 $20.53 53.75%
MSDL Morgan Stanley Direct Lending Fund $16.75 $20.35 21.51%
MDV Modiv Inc. $14.22 $20.19 42.00%
BXMX Nuveen S&P 500 Buy-Write Income Fund $14.72 $20.18 37.06%
MMD NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest $15.03 $19.65 30.75%
PAI Western Asset Investment Grade Income Fund Inc. $12.49 $19.41 55.38%
PACI PROOF Acquisition Corp I $14.50 $18.87 30.15%
SMMCX Western Asset Managed Municipals Fund Class C $14.94 $18.75 25.50%
IMXI International Money Express, Inc. $15.44 $18.35 18.87%
GPP Green Plains Partners LP $12.31 $18.28 48.52%
DIAX Nuveen Dow 30 Dynamic Overwrite Fund $15.60 $18.17 16.48%
FMY First Trust Mortgage Income Fund $12.04 $18.16 50.86%
NMT Nuveen Massachusetts Quality Municipal Income Fund $11.39 $18.13 59.18%
RMBI Richmond Mutual Bancorporation, Inc. $13.96 $18.08 29.50%
CC The Chemours Company $13.28 $18.01 35.59%
RQI Cohen & Steers Quality Income Realty Fund, Inc. $11.77 $17.71 50.46%
CGO Calamos Global Total Return Fund $11.73 $17.58 49.90%
ACSMX Advisors Capital Small/Mid Cap $11.71 $17.48 49.29%
BCSF Bain Capital Specialty Finance, Inc. $14.02 $17.48 24.69%
PIRS Pieris Pharmaceuticals, Inc. $13.60 $17.14 26.00%
SD SandRidge Energy, Inc. $13.61 $17.06 25.38%
MFL BlackRock MuniHoldings Investment Quality Fund $11.84 $16.93 43.00%
FINS Angel Oak Financial Strategies Income Term Trust $13.23 $16.77 26.76%
BLW BlackRock Limited Duration Income Trust $13.69 $16.63 21.49%
ESXB Community Bankers Trust Corporation $11.30 $16.53 46.32%
MSIF MSC Income Fund, Inc. $13.26 $16.43 23.92%
RSRFX Reaves Utilities and Energy Infrastruct Fund Insti Shares $10.61 $16.30 53.62%
FVCB FVCBankcorp, Inc. $13.59 $16.15 18.81%
HGTY Hagerty, Inc. $12.98 $15.81 21.79%
VPV Invesco Pennsylvania Value Municipal Income Trust $10.47 $15.73 50.20%
FRA BlackRock Floating Rate Income Strategies Fund, Inc. $11.85 $15.64 31.95%
FSD First Trust High Income Long/Short Fund $12.22 $15.38 25.82%
AWF AllianceBernstein Global High Income Fund $10.72 $15.35 43.16%
MPAA Motorcar Parts of America, Inc. $12.71 $15.32 20.52%
0M2A.L Adeia Inc. $13.20 $15.29 15.83%
NMI Nuveen Municipal Income Fund, Inc. $10.05 $15.17 50.93%
THW Abrdn World Healthcare Fund $12.83 $15.13 17.90%
VTN Invesco Trust for Investment Grade New York Municipals $11.50 $14.47 25.87%