Apple Stock Looks Overvalued at $333 as Analysts Cite High P/E Ratio

Apple's stock has surged to $333.43, but some analysts believe it is overvalued after a quarter that saw one-time tariff refunds boost its operating strength.

The company's revenue grew 16.4% year-over-year in the June-quarter report, with EPS of $2.02 marking Apple's 9th consecutive beat.

However, some argue that the growth story looks thinner when stripping out the tariff-refund benefit, which added about $0.11 to EPS this quarter and will not repeat.

The company's valuation is also a concern, with a trailing P/E of 41, forward P/E of 36, and price-to-book of 47 sitting above Apple's historical mid-20s range.