The Greatest Cash Machine in History: An Analysis of Apple (February 2017)

Podcast: Aswath Damodaran · Aswath Damodaran

Opublikowano: 2026-10-18

Apple is one of the great cash machines of all time, a company that has returned more cash ($183 billion) over the last five years than any other company in the world, while simultaneously building a cash balance of almost $250 billion. In a quarterly ritual that I started in 2010, I value Apple after its most recent earnings report (end of January 2017) and find it fully priced after an extended period where it was under valued (and in my portfolio). That is, though, based on my story and you are free to come up with yours and use my spreadsheet to...