1.

If you don't have "GuruFocus" tab in the menu, please download and i
2. Make sure you login your account. The username/password are the sa
3. This is a two stage Fair-Value-Calcuator based on discounted earnings.

Fair Value Calculator

Symbol AAPL You can modify the numbers/ticker in this field
Growth Rate (Growth Stage) 20.00%
Discount Rate 12.00%
Terminal Growth Rate 4.00%

Please do not make changes to the content below

Year 2019
EPS without NRI 12.17
X 1.071
Y 0.929
Growth Value 2020 2021 2022 2023
$ 181.38 13.04 13.97 14.97 16.04

Terminal Value 2030 2031 2032 2033

$ 165.08 22.53 20.92 19.43 18.04

Fair Value $ 346.46

Price $ 172.85
Margin of Safety 50%
the menu, please download and install GuruFocus Excel Add-in at:
he username/password are the same as you have on GuruFocus.com
or based on discounted earnings. Go here to learn more: http://www.gurufocus.com/news/39330

2024 2025 2026 2027 2028 2029

17.18 18.41 19.73 21.13 22.64 24.26

2034 2035 2036 2037 2038 2039

16.75 15.55 14.44 13.41 12.45 11.56