APP Relative Valuation
APP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, APP is overvalued; if below, it's undervalued.
Historical Valuation
Applovin Corp (APP) is now in the Overvalued zone, suggesting that its current forward PS ratio of 29.49 is considered Overvalued compared with the five-year average of 39.45. The fair price of Applovin Corp (APP) is between 70.80 to 365.96 according to relative valuation methord. Compared to the current price of 632.91 USD , Applovin Corp is Overvalued By 72.94%.
Relative Value
Fair Zone
70.80-365.96
Current Price：632.91
72.94%
Overvalued
46.23
PE
1Y
3Y
5Y
36.06
EV/EBITDA
Applovin Corp. (APP) has a current EV/EBITDA of 36.06. The 5-year average EV/EBITDA is 19.48. The thresholds are as follows: Strongly Undervalued below -3.51, Undervalued between -3.51 and 7.99, Fairly Valued between 30.98 and 7.99, Overvalued between 30.98 and 42.47, and Strongly Overvalued above 42.47. The current Forward EV/EBITDA of 36.06 falls within the Overvalued range.
38.01
EV/EBIT
Applovin Corp. (APP) has a current EV/EBIT of 38.01. The 5-year average EV/EBIT is 88.38. The thresholds are as follows: Strongly Undervalued below -356.07, Undervalued between -356.07 and -133.84, Fairly Valued between 310.60 and -133.84, Overvalued between 310.60 and 532.82, and Strongly Overvalued above 532.82. The current Forward EV/EBIT of 38.01 falls within the Historic Trend Line -Fairly Valued range.
29.49
PS
Applovin Corp. (APP) has a current PS of 29.49. The 5-year average PS is 9.64. The thresholds are as follows: Strongly Undervalued below -7.55, Undervalued between -7.55 and 1.04, Fairly Valued between 18.23 and 1.04, Overvalued between 18.23 and 26.83, and Strongly Overvalued above 26.83. The current Forward PS of 29.49 falls within the Strongly Overvalued range.
47.92
P/OCF
Applovin Corp. (APP) has a current P/OCF of 47.92. The 5-year average P/OCF is 24.40. The thresholds are as follows: Strongly Undervalued below -7.98, Undervalued between -7.98 and 8.21, Fairly Valued between 40.60 and 8.21, Overvalued between 40.60 and 56.79, and Strongly Overvalued above 56.79. The current Forward P/OCF of 47.92 falls within the Overvalued range.
48.59
P/FCF
Applovin Corp. (APP) has a current P/FCF of 48.59. The 5-year average P/FCF is 23.98. The thresholds are as follows: Strongly Undervalued below -9.27, Undervalued between -9.27 and 7.36, Fairly Valued between 40.61 and 7.36, Overvalued between 40.61 and 57.23, and Strongly Overvalued above 57.23. The current Forward P/FCF of 48.59 falls within the Overvalued range.
Applovin Corp (APP) has a current Price-to-Book (P/B) ratio of 142.02. Compared to its 3-year average P/B ratio of 64.47 , the current P/B ratio is approximately 120.27% higher. Relative to its 5-year average P/B ratio of 42.35, the current P/B ratio is about 235.37% higher. Applovin Corp (APP) has a Forward Free Cash Flow (FCF) yield of approximately 1.63%. Compared to its 3-year average FCF yield of 4.78%, the current FCF yield is approximately -65.98% lower. Relative to its 5-year average FCF yield of 3.88% , the current FCF yield is about -58.10% lower.
142.02
P/B
Median3y
64.47
Median5y
42.35
1.63
FCF Yield
Median3y
4.78
Median5y
3.88
Competitors Valuation Multiple
The average P/S ratio for APP's competitors is 10.72, providing a benchmark for relative valuation. Applovin Corp Corp (APP) exhibits a P/S ratio of 29.49, which is 175.14% above the industry average. Given its robust revenue growth of 68.23%, this premium appears sustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of APP increased by 71.25% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 835.19M to 1.41B.
The secondary factor is the Margin Expansion, contributed 14.70%to the performance.
Overall, the performance of APP in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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Frequently Asked Questions
Is Applovin Corp (APP) currently overvalued or undervalued?
Applovin Corp (APP) is now in the Overvalued zone, suggesting that its current forward PS ratio of 29.49 is considered Overvalued compared with the five-year average of 39.45. The fair price of Applovin Corp (APP) is between 70.80 to 365.96 according to relative valuation methord. Compared to the current price of 632.91 USD , Applovin Corp is Overvalued By 72.94% .
What is Applovin Corp (APP) fair value?
APP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Applovin Corp (APP) is between 70.80 to 365.96 according to relative valuation methord.
How does APP's valuation metrics compare to the industry average?
The average P/S ratio for APP's competitors is 10.72, providing a benchmark for relative valuation. Applovin Corp Corp (APP) exhibits a P/S ratio of 29.49, which is 175.14% above the industry average. Given its robust revenue growth of 68.23%, this premium appears sustainable.
What is the current P/B ratio for Applovin Corp (APP) as of Jan 06 2026?
As of Jan 06 2026, Applovin Corp (APP) has a P/B ratio of 142.02. This indicates that the market values APP at 142.02 times its book value.
What is the current FCF Yield for Applovin Corp (APP) as of Jan 06 2026?
As of Jan 06 2026, Applovin Corp (APP) has a FCF Yield of 1.63%. This means that for every dollar of Applovin Corp’s market capitalization, the company generates 1.63 cents in free cash flow.
What is the current Forward P/E ratio for Applovin Corp (APP) as of Jan 06 2026?
As of Jan 06 2026, Applovin Corp (APP) has a Forward P/E ratio of 46.23. This means the market is willing to pay $46.23 for every dollar of Applovin Corp’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Applovin Corp (APP) as of Jan 06 2026?
As of Jan 06 2026, Applovin Corp (APP) has a Forward P/S ratio of 29.49. This means the market is valuing APP at $29.49 for every dollar of expected revenue over the next 12 months.