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
81% 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
29% downside
EPS: $7.46
Target P/E: 46×
Formula: EPS × P/E
P/E Fair Value
$343.16
+5% upside
Institutional Ownership
67.2% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|
| BlackRock, Inc. | 1164.66M | $337.00B | 7.97% | +19.73M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 959.11M | $277.53B | 6.57% | +5.26M | 2026-06-30 |
| STATE STREET CORP | 615.13M | $177.99B | 4.21% | +12.79M | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 371.34M | $107.17B | 2.54% | +2.72M | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 334.12M | $96.68B | 2.29% | +2.68M | 2026-06-30 |
| FMR LLC | 325.35M | $94.14B | 2.23% | +17.91M | 2026-06-30 |
| MORGAN STANLEY | 242.61M | $70.20B | 1.66% | -1.86M | 2026-06-30 |
| JPMORGAN CHASE & CO | 228.76M | $64.45B | 1.57% | +3.34M | 2026-06-30 |
| Berkshire Hathaway Inc | 227.92M | $65.95B | 1.56% | -- | 2026-06-30 |
| NORGES BANK | 190.73M | $55.19B | 1.31% | -1.53M | 2026-06-30 |
