Apple’s Forward P/E Hits Highest Level Since 2007 at 37.2x

Apple’s forward price-to-earnings ratio stood at 37.2x in a pre-report snapshot on Nov. 2, its highest level on that measure since 2007.

The forward P/E compares a company’s share price with earnings expected over the next 12 months. Apple was heading into its quarterly earnings report that night, making the figure a pre-results valuation snapshot.