Both stocks run through our valuation models. Here is how FIH Mobile (2038) and Apple (AAPL) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees FIH Mobile as the less overvalued of the two: FIH Mobile trades at HK$18.90 versus a fair value of HK$10.59 (-44%), while Apple trades at $313 versus $123 (-61%).
FIH Mobile
2038.HK · HKD · Information Technology
-44%
upside to fair value
overvalued
PriceHK$18.90
Fair ValueHK$10.59
Quality61/100
Apple
AAPL · USD · Information Technology
-61%
upside to fair value
overvalued
Price$313
Fair Value$123
Quality82/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
FIH MobileApple
Valuation
33.5×P/E (TTM)38.4×
0.27×P/S (TTM)10.24×
1.17×P/B—
4.3×EV/EBITDA29.2×
0.94×PEG2.56×
0.2%Dividend yield0.3%
HK$0.04Dividend per share$1.04
Profitability
1%Net margin27%
1%Operating margin32%
4%Return on equity141%
1%Return on assets26%
Growth
21%Revenue growth (YoY)17%
-10.8%Avg. growth/yr (3Y)1.8%
-5.7%Avg. growth/yr (5Y)8.7%
Balance & size
—Debt / equity1.06×
$2BMarket cap$4.6T
weakGrowth qualityhealthy
Apple leads: 5 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
FIH Mobileof which business quality 60 · market factors 51Appleof which business quality 79 · market factors 75
ProfitabilityMargins and returns on capital today
35
97
Quality GrowthAre margins and returns improving?
71
68
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
99
75
Low VolatilityCalm price path (market factor)
51
65
MomentumPrice trend over the last 3–12 months (market factor)
45
71
52W MomentumDistance to the 52-week high (market factor)
61
93
Net IssuanceBuybacks instead of dilution
81
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
FIH Mobile
Earnings-BasedHK$1.12
Dividend DiscountHK$1.96
MultiplesHK$1.78
Asset-BasedHK$1.30
Economic ProfitHK$1.56
Growth EarningsHK$1.02
14 of 14 models see the stock below the current price.
Apple
DCF Models$170
Earnings-Based$98.15
Dividend Discount$20.06
Multiples$98.04
Asset-Based$3.36
Growth DCF$136
Economic Profit$87.59
Growth Earnings$147
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
FIH Mobile
Bear HK$7.92Fair Value HK$10.59Bull HK$13.26
HK$18.90 = current price (white tick)
Apple
Bear $86.44Fair Value $123Bull $192
$313 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
FIH Mobile · Information Technology
Quality score61 · above median
Fair value upside-44% · below median
Apple · Information Technology
Quality score82 · Top 25%
Fair value upside-61% · below median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees FIH Mobile as the less overvalued of the two: FIH Mobile trades at HK$18.90 versus a fair value of HK$10.59 (-44%), while Apple trades at $313 versus $123 (-61%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
