EBITDAEarnings Before Interest, Taxes, Depreciation, and Amortization — a measure of operating profitability before financing and accounting decisions. EV/EBITDA compares a company's full value (including debt) to this figure, often used to compare companies with different capital structures.
5yr EBITDA growth 12.8%; EV/EBITDA 28.39x
PEG ratioPrice/Earnings-to-Growth: the P/E ratio divided by expected earnings growth. Below 1.0 is often read as cheap relative to growth; above suggests the market is pricing in a lot of future growth already. Different providers use different growth-rate assumptions, so figures vary by source.
2.68
Capex
Not cleanly disclosed in public data as of this writing
Fundamentals sourced as cited below; figures vary slightly by provider and reporting date, consistent with real-world data variance across sources. EBITDA, PEG ratio, and capex sourced from public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases). PEG ratio is sourced primarily from GuruFocus where available; different providers calculate PEG using different growth-rate assumptions (trailing vs. forward, 1-year vs. 5-year), so figures from other sources for the same stock can vary by several multiples — a known limitation of PEG as a metric, not unique to any name here.
Why it's on the list
Apple is now directly tied to the Intel foundry turnaround thesis — the June 2026 Apple-Intel manufacturing deal — that's already the single best-performing position in this book. Owning Apple would be a way to play the other side of that same real relationship.
Why it's not in the book yet
Apple's own AI story (Apple Intelligence) has been the market's biggest source of skepticism about the company's execution, and the stock trades on much more than the foundry relationship alone.
What would move me to buy
Clearer evidence Apple's own AI strategy is working, not just its manufacturing diversification into domestic foundry capacity.
Sources: fullratio.com, macrotrends.net, financecharts.com, SEC Form 8-K (as of July 11, 2026). This is a watchlist entry, not a position — see Watchlist for the full list and Investment Policy Statement for what it takes for a name to become a real position. Not investment advice.