9 days ago
The Motley Fool
Its price-to-earnings (P/E) ratio, its forward-looking P/E ratio, and its price-to-sales ratio were all recently fairly close to their five-year average -- not well below it, as one would prefer to see. Its shares have more than quintupled in value over the past decade, averaging 18% growth per year. Shares have more than septupled in value over the past decade, averaging nearly 23% per year. Its services, for example, including Apple TV+, Apple Music, Apple Arcade, Apple Card, and more, are growing briskly overall -- reaching 900 million subscribers in 2022. Think twice before rushing to fill your arms with buckets of Apple stock, but you might ease into the stock or just wait for a better price.
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