AppLovin Corporation APP
- Market cap
- $105.3B
- P/E
- 23.8×
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AppLovin Corporation (APP) Price to free cash flow
As of 25 September 2026, AppLovin Corporation (APP) trades at a price to free cash flow of 23.5×. Over the past ten years it has ranged from 0.0× (June 2024) to 114× (November 2021); the current reading is higher than 36% of that period. That is above the Advertising Agencies industry median of 8.3× and above the Communication Services sector median of 9.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 58.8× | 9.19% |
| FY2024 | 53.9× | — |
| FY2023 | 0.0× | — |
| FY2022 | 8.8× | (89.32%) |
| FY2022 | 82.3× | 0.13% |
| FY2021 | 82.2× | 33.70% |
| FY2021 | 61.5× | 0.00% |
| FY2020 | 61.5× | 0.00% |
| FY2020 | 61.5× | 0.00% |
| FY2019 | 61.5× | 0.00% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 39.0× | 26.03% |
| Mar 2026 | 30.9× | (47.40%) |
| Dec 2025 | 58.8× | (20.58%) |
| Sep 2025 | 74.1× | 73.79% |
| 23 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| WPP WPP PLC compare | n/m |
| CCO Clear Channel Outdoor Holdings, Inc. compare | n/m |
| ZD Ziff Davis, Inc. compare | 6.5× |
| TTD The Trade Desk compare | 6.8× |
| OMC Omnicom Group Inc. compare | 8.9× |
| DV DoubleVerify Holdings, Inc. compare | 12.9× |
| STGW Stagwell Inc. compare | 13.5× |
| MGNI Magnite, Inc. compare | 17.1× |
| APP AppLovin Corporation | 23.5× |
| Advertising Agencies industry median | 8.3× |
| Communication Services sector median | 9.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (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
- P/B ratio
- 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