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Monday, August 16, 2021

AAPL -- PE -- August 16, 2021

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AAPL

For the past year, talking heads have suggested AAPL with a P/E running between 33 and 37 was "too expensive." Today, after AAPL closed above $151, the P/E was said to be below 30. 

From July 31, 2021, AAPL:

  • Outstanding shares: 16.53 billion (16,530,000,000)
  • Share price: $145.86
  • Market cap: $2.4 trillion ($2,411,000,000,000)
  • P/E (TTM - July 14, 2021): 33.59; share price: $149/share

Today, same source:

  • Outstanding shares: 16.53 billion (16,530,000,000) -- no change
  • Share price: $151.12
  • Market cap: $2.498 trillion ($2,498,000,000,000)
  • P/E (TTM): 29.58

Selected P/E's today:

  • TSLA: 362
  • MSFT: 36.60
  • AMD: 37.89
  • UNP: 25.92

AAPL target:

A year ago, August 19, 2020, talking heads / analysts suggested AAPL would be trading at $425 one year later, August 19, 2021.

  • on August 19, 2020: AAPL trading at $468.
  • August 28, 2020: AAPL split 4 -1
  • August 28, 2020: AAPL at, after the split: $417
  • August 28, 2020: AAPL target one year out, August, 19, 2021: $425, or $106, split-adjusted
  • Actual: AAPL trading at $150.

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