Should you buy Apple stock? (September 2023)

Apple stock analysis. Ticker: AAPL Join 10,000 investors: https://www.overlookedalpha.com Apple just released its latest iphone. The IPhone 15 features a brighter screen, a 48 megapixel camera and a titanium body. But the question is, is now a good time to buy Apple stock? Based on the current share price, Apple has a market cap of 2.76 trillion dollars. It’s got 28 billion dollars of cash on the balance sheet as well as 138 billion of investments. With 98 billion of long term debt, the enterprise value is 2.69 trillion. Over the last 12 months, Apple has made 384 billion dollars of revenue, 95 billion of net income and 101 billion of free cash flow. So Apple stock is currently valued at 7 times revenue, 30 times earnings or 27 times free cash flow. And that PE ratio of 30 looks pretty high in comparison to the historical average. Looking over the last 10 years, Apple has grown its revenue on average 8.5% a year and its grown net income roughly 10% a year. #investing #stocks #overlookedalpha