Fair Value Check · Market · 2026-10-22

Fair Value Check: Apple is overvalued on our numbers

Apple (AAPL) closed at $343.99. Torvanta's fair value estimate is $195.7, with a range of $152.3 to $259.8, so the stock trades 76% above the estimate: overvalued on our numbers. For context, it trades at 38x trailing earnings vs 26x for its industry.

This week's check

Company	Price	Fair value	Fair value range	Price vs fair value	Valuation
Apple (AAPL)	$344.0	$195.7	$152.3 to $259.8	+76%	Overvalued

Fair value is Torvanta's estimate of what the business is worth per share, built from the company's own SEC filings. The range shows how much the estimate moves under reasonable changes to its assumptions.

10 more of the largest companies

Company	Price	Valuation	Fair value
Nvidia (NVDA)	$222.0	Fairly valued	Subscribers
Alphabet (GOOGL)	$334.8	Overvalued	Subscribers
Microsoft (MSFT)	$533.0	Overvalued	Subscribers
Amazon (AMZN)	$262.4	Overvalued	Subscribers
Meta Platforms (META)	$697.5	Overvalued	Subscribers
Broadcom (AVGO)	$337.8	Fairly valued	Subscribers
Eli Lilly (LLY)	$1,270.8	Fairly valued	Subscribers
Berkshire Hathaway (BRK.B)	$539.0	Overvalued	Subscribers
Micron Technology (MU)	$913.7	Fairly valued	Subscribers
Walmart (WMT)	$117.8	Overvalued	Subscribers

Undervalued means Torvanta's fair value is at least 25% above the price; Overvalued means it is at least 20% below; Fairly valued is in between.

What this means

Across the 60 largest S&P 500 companies with a reliable estimate, 10 look undervalued on our numbers and 27 overvalued.
A fair value is a range, not a price target: a stock can stay above or below it for a long time, and valuation says little about timing on its own.
Companies whose filings don't support a reliable estimate (some banks, insurers and early-stage businesses) are left out rather than guessed.

Every S&P 500 company, checked after every close

Subscribers see Torvanta's fair value, rating and 12-month target for every S&P 500 company. Start with a 14-day free trial.

See plans

Prices from Torvanta's end-of-day data; fair values are Torvanta estimates built from each company's SEC filings and can be wrong. Research only, not investment advice or a recommendation to buy or sell any security. Rankings change as data changes and can be wrong. Torvanta and its founder may hold positions in securities discussed, and trade only after the information is published to all subscribers. Past performance does not guarantee future results.

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