# Applied Digital Corporation (APLD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Information Technology Services. Price $26.37, market value $7.5 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Applied Digital Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 12.3×**. Each dollar of revenue is priced at 12.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 4.4×**. The shares trade at 4.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -37.0%** (5-yr avg -27.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -38.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -30.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -10.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -140.8%**. Return on all capital, debt included, is -140.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.9%**. Each dollar of assets produces -1.9% of profit.

## Growth
- **Revenue growth (1 yr): 324.0%** (3-yr 122.6%/yr). Revenue grew 324.0% over the last year.
- **EPS growth (1 yr): 21.6%**. Earnings per share rose 21.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 9.4×**. It would take 9.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 4.01** (quick 4.01). Current assets cover the next year's liabilities 4.01 times.
- **Altman Z-score: 1.38**. A Z-score of 1.38 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Applied Digital Corporation does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (11 analysts). 11 analysts cover Applied Digital Corporation; the consensus is strong_buy, with an average price target of $74.23 (+181% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 84.0%** (YTD 7.5%, 3-mo -33.4%). The shares are up 84.0% over twelve months including dividends.
- **From 52-week high: -48.0%** (89.5% above the low). Trading 48% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 3.88** (volatility 105%). Beta of 3.88 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=APLD · Page: https://foliofundamentals.com/stocks/apld

Not investment advice.