Apple Inc (AAPL) is slightly overvalued and Sonos Inc (SONO) is overvalued.
Both trade above our estimate of their intrinsic value. AAPL is the closer of the two: -12%, against -5440% for SONO.
Values as of the 22 Sept 2026 close.
A 9.6x revenue multiple, adjusted for growth and margin, values the shares at $304.17; the price of $339.75 is 12% above that value.
Leak Score 76/100 on 10 of 12 signals
Its liquidation floor, current assets minus every liability, values the shares at $0.30; the price of $16.85 is 5440% above that value.
Leak Score 43/100 on 8 of 12 signals
| Metric | AAPL | SONO |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $339.75 | $16.85 |
| Intrinsic value | $304.17 | $0.30 |
| Margin of safety | -12% | -5440% |
| Leak Score | 76/100 (10/12) | 43/100 (8/12) |
| Market cap | $4.96T | $2.0B |
| Revenue growth, 5 years | 8.7% | 1.7% |
| Operating margin | 33.2% | 6.3% |
| Net margin | 27.6% | 3.8% |
| Return on equity | 148.8% | 14.2% |
| Debt to equity | 0.78 | 0.14 |
| P/E | 39.0x | 37.9x |
| Forward P/E | 35.4x | 64.8x |
| P/B | 46.2x | 5.1x |
| Dividend yield | 0.3% | — |