Benzinga published a comparative analysis of Apple Inc. (NASDAQ: AAPL) against other companies in the Technology Hardware, Storage & Peripherals industry. The report utilizes specific financial metrics to evaluate Apple's performance relative to competitors such as SanDisk Corp, Seagate Technology Holdings PLC, Western Digital Corp, and Hewlett Packard Enterprise Co.
According to the provided data, Apple reported an EBITDA of $39.02 billion and gross profit of $54.77 billion. These figures are significantly higher than the industry average, with Apple's EBITDA being 24.85 times the industry average and its gross profit 27.66 times the industry average. The company also reported a Return on Equity (ROE) of 27.84%, which is 7.2% above the industry average.
The analysis highlights several valuation ratios. Apple's Price to Earnings (P/E) ratio is 37.29, which is 0.93 times lower than the industry average. However, the Price to Book (P/B) ratio is 44.13, which is 2.68 times the industry average, and the Price to Sales (P/S) ratio is 10.29, which is 1.87 times the industry average. These figures suggest that while the stock may be considered undervalued based on the P/E ratio, it appears overvalued relative to book value and sales performance compared to peers.
In terms of operational efficiency, Apple's revenue growth was reported at 16.36%. This rate is significantly lower than the industry average of 56.71%. Regarding financial health, Apple has a debt-to-equity ratio of 0.78. The report notes that this ratio is lower than that of Apple's top four peers, indicating a stronger financial position with less reliance on debt financing.
