DE

AppLovin Corporation

Fundamental data last updated:July 11, 2026

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company profile

SECTOR

Technology

industry

Software - Application

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

08/05/2026

Business Summary

AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

 


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VALUATION

P/E

51.96

Market Cap ($M USD)

$205.02B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

33.25

PRICE TO BOOK

87.08

EV / EBITDA

41.61

5-Year Average P/E

Free Cash Flow Yield

2.15%

DCF Value

$131.46

Graham Number

$43.03

Price to FCF

46.55

EV to FCF

46.72

Earnings Yield

1.93%

FCF Yield

2.15%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$11.75

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$1.36T

Return on Equity (ROE)

222.04%

FREE CASH FLOW

Operating Margin

77.09%

Debt-to-Equity

1.66

Piotroski F-Score

8

Altman Z-Score

25.13

Return on Invested Capital (ROIC)

76.48%

Current Ratio

3.24

Quick Ratio

3.24

Net Debt to EBITDA

0.15

Interest Coverage

23.15

Gross Profit margin

88.37%

FCF PER SHARE

$13.05

REVENUE PER SHARE

$18.27

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Gainseekers Quantitative Analysis

Summary

AppLovin Corporation’s valuation is a paradox. Despite a staggering market cap, the stock traded significantly below its DCF value, suggesting potential undervaluation. However, with a Price/Book ratio over 75 and a Price/Sales ratio nearing 29, the market seems to expect perfection. The Altman Z-score of 21.89 indicates robust financial health, yet the earnings yield of just 2.23% raises questions about its growth prospects. The absence of a Forward P/E further complicates the narrative, leaving investors to ponder its future profitability.

AI Exposure / Tech Reliance

Operating in the dynamic Software - Application industry, AppLovin is well-positioned to leverage AI advancements. Its high operating margin and tech-centric focus suggest resilience in adapting to modern technological shifts. This positioning could enable it to capitalize on AI-driven efficiencies and innovations.

The Bull Case

For the value-driven investor, AppLovin offers compelling reasons to buy. A remarkable ROIC of 76.48% underscores its capital efficiency, while a Piotroski F-Score of 8 signals strong financial health. The operating margin of 77.09% reflects significant pricing power, and a healthy FCF yield, despite being modest, indicates effective cash generation. These metrics paint a picture of a company with robust operational execution and strategic prowess.

The Bear Case

Yet, the stock is not without its pitfalls. The Price/Book and Price/Sales ratios are alarmingly high, suggesting the stock is priced for perfection. The lack of a Forward P/E and a zero dividend yield may deter income-focused investors. Additionally, trading close to its 52-week high, the stock appears technically overextended, raising concerns about its immediate upside potential.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$652.20

Institutional Ownership %

1-Year Beta

2.37

Insider Buying % (6 Mo)

Distance to 52-Week High

22.18%

Distance to 52-Week Low

47.56%

EARNINGS SURPRISE %

3.49%

50-DAY SMA

$454.51

200-DAY SMA

$535.64

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.