**How we calculate our Fair Value estimates?:**

It's based on historical data, We measure CAGR growth rates for last 9 years, 5 years and 3 years across multiple dimensions

e.g: like revenue, operating income/net income, equity, retained earnings, eps to generate a fair value estimate

**Note1:** Valuations are purely based on operating characteristics of the business, if they have additional portfolio like minority share, they are not accounted

**Note2:** e.g.: for Berkshire (BRK-B) - make sure to add market price of equity portfolio per share

**Note3:** Data used for Valuation calculations are ending fiscal year , Market Price of AAPL was **193.05** first week of Decemeber approx...

**Note4:** Confidence means how many fundamental drivers, we are seeing which are driving the business, if the number is low our Confidence Rating is LOW and so on

Fair Value based on last 9 years

**AAPL** is
OVERVALUED

Median Fair Price **51.77**

Confidence: **MEDIUM**

Fair Price Range **13.76 - 60.62**

Fair Value based on last 5 years

**AAPL** is
OVERVALUED

Median Fair Price **54.62**

Confidence: **MEDIUM**

Fair Price Range **21.96 - 61.68**

Fair Value based on last 3 years

**AAPL** is
FAIRLYVALUED

Median Fair Price **182.06**

Confidence: **MEDIUM**

Fair Price Range **124.0 - 224.81**