AppLovin Corporation APP

310.75 (1.72) (0.55%) as of 25 Sep
Market cap
$105.3B
P/E
23.8×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

AppLovin Corporation (APP) P/B ratio

As of 25 September 2026, AppLovin Corporation (APP) trades at a P/B ratio of 33.0×. Over the past ten years it has ranged from 0.0× (June 2021) to 247× (June 2025); the current reading is higher than 58% of that period. That is above the Advertising Agencies industry median of 1.6× and above the Communication Services sector median of 1.6×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 107× 6.82%
FY2024 100× 821.52%
FY2023 10.9× 418.47%
FY2022 2.1× (85.39%)
FY2022 14.3× 0.13%
FY2021 14.3× —
FY2021 0.0× —
FY2020 0.0× —
FY2020 0.0× —
FY2019 0.0× —

Quarterly

Period P/B ratio Change
Jun 2026 54.7× (3.73%)
Mar 2026 56.8× (46.87%)
Dec 2025 107× (35.20%)
Sep 2025 165× 62.49%
23 more quarters

Against its own ten years

Low 0.0× High 247×
Ten-year median 16.5×
Current reading's percentile 58

P/B ratio against peers

Company P/B ratio
WPP WPP PLC compare n/m
CCO Clear Channel Outdoor Holdings, Inc. compare n/m
ZD Ziff Davis, Inc. compare 0.9×
DV DoubleVerify Holdings, Inc. compare 1.9×
OMC Omnicom Group Inc. compare 2.1×
TTD The Trade Desk compare 2.3×
STGW Stagwell Inc. compare 3.0×
MGNI Magnite, Inc. compare 3.7×
APP AppLovin Corporation 33.0×
Advertising Agencies industry median 1.6×
Communication Services sector median 1.6×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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