# Applovin Corporation (APP) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $320.56, market value $107.7 billion.

## Valuation
- **P/E (trailing): 24.6×** (5-yr avg 307.1×, 3-yr avg 60.4×). Applovin Corporation trades at 24.6× trailing earnings, well below its own five-year average of 307.1×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 15.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.13**. A PEG of 0.13 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 15.8×**. Each dollar of revenue is priced at 15.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 34.0×**. The shares trade at 34.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 20.0×**. Enterprise value is 20.0× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Earnings yield: 4.1%**. The inverse of the P/E: 4.1% of the price is earned each year.

## Profitability
- **Operating margin: 77.4%**. 77.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 60.8%**. 60.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 156.2%**. A 156.2% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 132.2%**. Return on all capital, debt included, is 132.2%: comfortably above what that capital costs.
- **Return on assets: 60.7%**. Each dollar of assets produces 60.7% of profit.

## Growth
- **Revenue growth (1 yr): 70.0%** (3-yr 24.8%/yr, 5-yr 30.4%/yr). Revenue grew 70.0% over the last year, against 30.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 115.2%**. Earnings per share rose 115.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.65**. Debt is 1.65 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 0.2×**. It would take 0.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 15.66**. A Z-score of 15.66 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

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

## Analyst view
- **Analyst consensus: buy** (31 analysts). 31 analysts cover Applovin Corporation; the consensus is buy, with an average price target of $522.29 (+63% 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): -35.9%** (YTD -52.4%, 3-mo -42.5%). The shares are down 35.9% over twelve months including dividends.
- **From 52-week high: -57.0%** (7.8% above the low). Trading 57% 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): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 2.18** (volatility 74%). Beta of 2.18 against the S&P 500: the shares move much more than the market.

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

Not investment advice.