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Sirius Investors
Apple Inc.

Apple Inc.

AAPL
NASDAQTechnology

Market Capitalization & Enterprise Value

Research-grade valuation history for AAPL. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.

Market Cap & Enterprise Value

Comparison of market capitalization and enterprise value over time

Market Cap

Market Capitalization = Stock Price × Number of Shares Outstanding. Represents the total value of a company's equity.
3.82T
1776.5x increase over period
CAGR: +21.14%
Compound Annual Growth Rate - The mean annual growth rate over time, accounting for compounding effects.

Enterprise Value

Enterprise Value = Market Cap + Total Debt - Cash and Cash Equivalents. Represents the total value of a company including its debt.
3.90T
2475.8x increase over period
CAGR: +22.17%
Compound Annual Growth Rate - The mean annual growth rate over time, accounting for compounding effects.

Market Cap History

Investor Valuation Insights

As of Mar 28, 2026

EV/EBITDA

Potentially Rich

94.30x

Higher EV/EBITDA may imply premium pricing; growth durability should justify the multiple.

EV vs Market Cap Spread

76.44B

EV is +2.0% vs equity value

Capital Structure Signal

Net Debt Profile

EV premium trend: +28.8 pp vs earliest data

Additional Multiples

EV/Sales: 33.35x

Net Debt/EBITDA: 1.23x

Share count change in dataset: +4.00%

Interpretation guide: EV/EBITDA compares total firm value (debt + equity - cash) to operating earnings. Lower is usually cheaper, but always benchmark against peers, growth rate, margins, and cyclicality.

Market Cap & Enterprise Value Data

Free users can view the latest 3 records. Upgrade to see full history.

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DateMarket CapEnterprise ValueStock PriceShares
Sep 27, 20253.82T3.90T$255.4614.95B
Sep 28, 20243.50T3.58T$227.7915.34B
Sep 30, 20232.70T2.79T$171.2115.74B
Sep 24, 2022
Sep 25, 2021
Sep 26, 2020
Sep 28, 2019
Sep 29, 2018
Sep 30, 2017
Sep 24, 2016
Sep 26, 2015
Sep 27, 2014
Sep 28, 2013
Sep 29, 2012
Sep 24, 2011
Sep 25, 2010
Sep 26, 2009
Sep 27, 2008
Sep 29, 2007
Sep 30, 2006
Sep 24, 2005
Sep 25, 2004
Sep 27, 2003
Sep 28, 2002
Sep 29, 2001
Sep 30, 2000
Sep 25, 1999
Sep 25, 1998
Sep 26, 1997
Sep 27, 1996
Sep 29, 1995
Sep 30, 1994
Sep 30, 1993
Sep 30, 1992
Sep 30, 1991
Sep 30, 1990
Sep 30, 1989
Sep 30, 1988
Sep 30, 1987
Sep 30, 1986

Enterprise Value Analysis

Price Change (Sep 2024 to Sep 2025)

The stock price has increased from Sep 2024 to Sep 2025.
+12.15%

Recent Volatility

The stock price has been relatively volatile over the last 5 periods, indicating a higher risk profile.
0.11

Risk-Adjusted Return

The stock's returns compensate well for its risk level, suggesting a good risk-reward profile.
1.38

Market Cap Change (Sep 2024 to Sep 2025)

The company's market capitalization has increased from Sep 2024 to Sep 2025.
+9.26%

Enterprise Value Change (Sep 2024 to Sep 2025)

The company's enterprise value has increased from Sep 2024 to Sep 2025, suggesting growth in the company's total economic value.
+8.67%

Market Cap vs. Enterprise Value

A lower enterprise value growth rate compared to market cap growth could suggest that the company is reducing debt or increasing cash reserves.
Market Cap Growth > EV Growth

Market Cap CAGR

The Compound Annual Growth Rate (CAGR) of market capitalization represents the mean annual growth rate over the entire available history (40 periods), accounting for compounding effects.
21.14%

Enterprise Value CAGR

The Compound Annual Growth Rate (CAGR) of enterprise value represents the mean annual growth rate over the entire available history (40 periods), accounting for compounding effects.
22.17%