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/S ratio

As of 25 September 2026, AppLovin Corporation (APP) trades at a P/S ratio of 15.3×. Over the past ten years it has ranged from 1.2× (December 2022) to 63.9× (December 2024); the current reading is higher than 63% of that period. That is above the Advertising Agencies industry median of 0.7× and above the Communication Services sector median of 0.9×.

P/S ratio, daily

Annual

Period P/S ratio Change
FY2025 41.7× 23.08%
FY2024 33.8× 356.65%
FY2023 7.4× 423.61%
FY2022 1.4× (87.11%)
FY2022 11.0× 0.13%
FY2021 11.0× 35.68%
FY2021 8.1× 0.00%
FY2020 8.1× 0.00%
FY2020 8.1× 0.00%
FY2019 8.1× 0.00%

Quarterly

Period P/S ratio Change
Jun 2026 25.3× 16.30%
Mar 2026 21.8× (47.70%)
Dec 2025 41.7× (23.93%)
Sep 2025 54.8× 78.88%
23 more quarters

Against its own ten years

Low 1.2× High 63.9×
Ten-year median 11.6×
Current reading's percentile 63

P/S ratio against peers

Company P/S ratio
WPP WPP PLC compare n/m
STGW Stagwell Inc. compare 0.7×
CCO Clear Channel Outdoor Holdings, Inc. compare 0.7×
OMC Omnicom Group Inc. compare 0.9×
ZD Ziff Davis, Inc. compare 1.4×
TTD The Trade Desk compare 2.0×
DV DoubleVerify Holdings, Inc. compare 2.7×
MGNI Magnite, Inc. compare 4.6×
APP AppLovin Corporation 15.3×
Advertising Agencies industry median 0.7×
Communication Services sector median 0.9×
Market median 2.0×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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