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/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 | Free account |
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)
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/B 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