Price Over Earnings Overview: Apple
Portfolio Pulse from Benzinga Insights
Apple Inc.'s stock increased by 7.39% over the past month and 31.15% over the past year. Its current P/E ratio of 31.36 is lower than the industry average of 75.12, which could indicate undervaluation or lower future growth expectations. The P/E ratio should be used in conjunction with other financial metrics and qualitative analysis for informed investment decisions.
June 22, 2023 | 4:31 pm
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Apple's P/E ratio of 31.36 is lower than the industry average, which could indicate undervaluation or lower future growth expectations. Investors should use the P/E ratio along with other financial metrics for informed investment decisions.
Apple's P/E ratio is lower than the industry average, which could indicate that the stock is undervalued or that shareholders do not expect future growth. However, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.
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