1. Presented by: Jared Newby Scott Whittenberg Reece Jones

2.  Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics, computer software, and personal computers.

3. Products Offered  Computers  Macbook  iPad  Cell phones  iPhone  Mp3 players  Ipod  Ipod shuffle  Ipod touch

4. Price Ratio Analysis  P/E Ratio:  22.99  P/CF Ratio:  25.99  P/B Ratio:  5.98  P/S Ratio:  4.56  EPS:  10.27

5. Ratio Estimates of Future Stock Price  Current Stock Price:  $235.97  P/E Ratio estimate of future price:  $207.14  P/CF Ratio estimate of future price:  $207.19  Apple stock is overvalued

6. Recommendations  Apple stock is overvalued based off the expected stock price calculated with the P/E and P/CF ratios; therefore, we believe you should SELL Apple stock