Is Apple, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Apple, Inc. has moved from very expensive to expensive. The company is currently considered overvalued based on its high valuation ratios, including a P/E ratio of 31, a Price to Book Value of 45.60, and an EV to EBITDA of 22.29. In comparison, Motorola Solutions, Inc. has a P/E of 38.31 and an EV to EBITDA of 26.35, while Garmin Ltd. shows a more attractive P/E of 30.27 and an EV to EBITDA of 23.11.
Despite its recent performance, where Apple outperformed the S&P 500 over the past week and month, its year-to-date return of 0.75% significantly lags behind the S&P 500's 13.30%. This underperformance, combined with its elevated valuation metrics, reinforces the conclusion that Apple, Inc. is overvalued in the current market context.