Apple Inc.
35.25xPrice / book
Market cap
$3.95T
Tangible equity (USD)
—
Price / tangible book
—
Price / book
35.25x
Net income / ending equity
117.9%
Net income / ending assets
32.7%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: AAPL stock price vs AXP: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AXP's multiple
Needs AXP P/E.
Implied fair value · at AAPL's multiple
Price unavailable
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability edge
Asset efficiency edge
Lower is better
Statements
Reported bank earnings and balances, with each company’s reporting period shown.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Ten period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / book
Market cap
$3.95T
Tangible equity (USD)
—
Price / tangible book
—
Price / book
35.25x
Net income / ending equity
117.9%
Net income / ending assets
32.7%
Efficiency ratio
—
Price / book
Market cap
—
Tangible equity (USD)
—
Price / tangible book
—
Price / book
—
Net income / ending equity
32.4%
Net income / ending assets
3.6%
Efficiency ratio
128.7%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Apple Inc. · implied price per share
Bear
$130.85
Base
$159.76
Bull
$182.30
AMERICAN EXPRESS CO · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe AAPL’s premium multiple can remain justified by its superior profitability and balance-sheet strength, then hold or underweight only modestly because the downside in the P/E-implied valuation is large but the quality scores are strong; if multiple compression is your base case, then reduce exposure because the current price sits well above both AXP-implied and DCF ranges.
AAPL trades at a clear premium to AXP on both earnings and sales, with the current price of $308.91 versus a P/E-implied value of $163.10 implying -47.2% downside. The market is paying for AAPL’s stronger balance sheet and profitability, but the valuation gap is wide enough that even AAPL’s superior fundamentals do not bridge it under the provided multiple framework.
Supporting Metrics