Apple's P/E Ratio Hits New High Amid Strong Earnings Growth

Apple's forward 12-month P/E of 33.54X is significantly higher than its peers and the broader Zacks Computer & Technology sector, which has a P/E multiple of 21.05X.

The stock's valuation has been questioned by a Value Score of F, indicating that Apple shares are overvalued.

However, Apple's improving earnings outlook, strong iPhone momentum, expanding Services business, and growing AI opportunities support its long-term prospects.