Apple Stock Traded 18.2% Above Intrinsic Value Amid Delivery Delays
Apple's stock has been a subject of interest among investors following Citi's report highlighting delivery delays for the iPhone 18 Pro and Pro Max models. The company is gearing up for the launch of the iPhone Duo on October 16, which could maintain momentum in its flagship smartphone lineup.
According to GuruFocus' proprietary GF Value metric, Apple's intrinsic value is estimated at $286.58 per share, while the stock currently trades at $338.75. This places AAPL approximately 18.2% above its fair value, signaling a modest overvaluation.
The company's trailing twelve-month price-to-earnings (P/E) ratio stands at 38.83x, which is significantly higher than its five-year median P/E of 30.72x. This elevated multiple reflects strong market optimism but also compresses the margin of safety for new investors.