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/E ratio

As of 25 September 2026, AppLovin Corporation (APP) trades at a P/E ratio of 23.8×. Over the past ten years it has ranged from 0.0× (June 2023) to 1,341× (January 2022); the current reading is higher than 37% of that period. That is above the Advertising Agencies industry median of 19.9× and above the Communication Services sector median of 16.5×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 68.4× (1.14%)
FY2024 69.2× 85.56%
FY2023 37.3× —
FY2022 0.0× —
FY2022 1,341× 0.13%
FY2021 1,339× —
FY2021 0.0× —
FY2020 0.0× —
FY2020 0.0× —
FY2019 0.0× —

Quarterly

Period P/E ratio Change
Jun 2026 39.4× 16.08%
Mar 2026 34.0× (50.36%)
Dec 2025 68.4× (20.41%)
Sep 2025 85.9× 76.28%
23 more quarters

Against its own ten years

Low 0.0× High 1,341×
Ten-year median 40.8×
Current reading's percentile 37

P/E ratio against peers

Company P/E ratio
CCO Clear Channel Outdoor Holdings, Inc. compare n/m
ZD Ziff Davis, Inc. compare 3.2×
TTD The Trade Desk compare 14.8×
WPP WPP PLC compare 19.3×
MGNI Magnite, Inc. compare 20.5×
APP AppLovin Corporation 23.8×
DV DoubleVerify Holdings, Inc. compare 37.3×
OMC Omnicom Group Inc. compare 63.8×
STGW Stagwell Inc. compare 119×
Advertising Agencies industry median 19.9×
Communication Services sector median 16.5×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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