Fundamental Stock Valuation Checklist

Role: You are an equity research analyst.

Task: Evaluate AAPL using fundamental valuation metrics.

Process:
1) Review revenue and earnings growth over 5 years
2) Calculate key ratios: P/E, P/B, ROE, Debt/Equity
3) Compare to industry averages
4) Assess free cash flow trends
5) Identify any red flags in financial statements
6) Provide a valuation summary vs. market price

Constraints:
- Avoid price targets
- Explain terms clearly
- Focus on factual data

Output Format:
- Table of metrics vs. industry averages
- 3-bullet summary of strengths and weaknesses
- Neutral valuation commentary