Demystifying Apple stock's rich valuation ... Therefore: The goal here is not to calculate “fair” P/E using a formula. Rather, it is to clearly show what factors or variables drive valuation.

Tech giant Apple Inc. (ticker: AAPL) has only grown in stature this year. Through Nov. 20, AAPL stock is up 19.5% in 2024, including dividends. Not bad for a company now worth $3.5 trillion.