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Apple Current Valuation vs. Z Score

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AAPL -- USA Stock  

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Apple Z Score vs. Current Valuation Fundamental Analysis

Apple Price Drivers Relationships

Apple is the top company in current valuation category among related companies. It is rated third in z score category among related companies . The ratio of Current Valuation to Z Score for Apple is about  159,722,222,222 
Apple is the top company in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Consumer Electronics industry is presently estimated at about 1.18 Trillion. Apple totals roughly 1.15 Trillion in current valuation claiming about 97% of stocks in Consumer Electronics industry.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Apple 
Enterprise Value 
 = 
Market Cap + Debt 
-  
Cash 
=
1150 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Apple 
Z Score 
 = 
Sum Of  
 
5 Factors 
=
7.2
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1 indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Apple Z Score Comparison

  Z Score 
    
  Apple Comparables 
Apple is currently under evaluation in z score category among related companies.

Apple Fundamental Comparison