AppLovin Corporation APP
310.75
(1.72)
(0.55%)
as of 25 Sep
- Market cap
- $105.3B
- P/E
- 23.8×
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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 | Free account |
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))
More on APP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement