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AppLovin Corporation

APP Communication Services Advertising Agencies

AppLovin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 70.0% from fiscal 2024.

Revenue: +52.8%
EPS: +55.8%
Free cash flow: +12.5%
Total debt: +0.12%

Quarter to June 2026, against a year earlier

356.46 84.71 +31.17%

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Market cap: $90.9B
P/E: 27.3×
Fwd P/E: 14.6×
Dividend yield: —
F-score: 8/9
Altman Z: 30.21
Beneish M: −2.41
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

AppLovin Corporation (APP) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, AppLovin Corporation (APP) trades at a P/B ratio of 37.8×. Over the past ten years it has ranged from 0.0× (June 2021) to 247× (June 2025); the current reading is higher than 66% of that period. That is above the Advertising Agencies industry median of 1.0× and above the Communication Services sector median of 1.3×.

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<iframe src="https://stockrow.com/embed/APP/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="AppLovin Corporation P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/APP/metrics/pb-ratio">AppLovin Corporation (APP) P/B ratio — stockrow.com</a></p>

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×	—

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 17.0×

Current reading's percentile 64

Company	P/B ratio
LFTO Liftoff Mobile, Inc compare	n/m
WPP WPP PLC compare	n/m
ZD Ziff Davis, Inc. compare	0.9×
DV DoubleVerify Holdings, Inc. compare	1.9×
OMC Omnicom Group Inc. compare	2.3×
TTD The Trade Desk compare	2.3×
STGW Stagwell Inc. compare	3.7×
MGNI Magnite, Inc. compare	4.2×
APP AppLovin Corporation	37.8×
Advertising Agencies industry median	1.0×
Communication Services sector median	1.3×
Market median	1.7×

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 →

AppLovin Corporation (APP) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on APP

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on APP

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