AppLovin Corporation (APP) EV/EBITDA Ratio: 32.32x
Is AppLovin Corporation’s EV/EBITDA ratio high or low?
AppLovin Corporation's EV/EBITDA ratio of 32.32x is 15% below its 5-year average of 37.99x, near the low end of its 5-year range (9.80x–120.93x).
As of Tuesday, June 23, 2026. 32.17% below its 12-month average of 47.65x.
APP EV/EBITDA Ratio Chart
APP Average EV/EBITDA Ratio Chart
APP Current vs Average EV/EBITDA Ratio Chart
APP EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
32.32x
EV/EBITDA RATIO AVG TTM
47.65x
EV/EBITDA RATIO AVG 3Y
37.17x
EV/EBITDA RATIO AVG 5Y
37.23x
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-32.17%
CURRENT VS 3Y AVG
-13.06%
CURRENT VS 5Y AVG
-13.20%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
APP Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AppLovin Corporation (APP) | $157.69B | 32.32x | 47.65x | 37.17x | 37.23x |
| Uber Technologies, Inc. (UBER)vs › | $145.40B | 25.32x | 25.06x | 39.23x | 49.44x |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $171.94B | 509.26x | 1385.06x | 1246.49x | 1407.95x |
| SAP SE (SAP)vs › | $174.21B | 11.33x | 20.16x | 28.62x | 23.51x |
| Shopify Inc. (SHOP)vs › | $140.12B | 237.31x | 134.77x | 112.52x | 101.84x |
| Salesforce, Inc. (CRM)vs › | $122.95B | 11.69x | 18.31x | 24.19x | 32.21x |
| Palo Alto Networks, Inc. (PANW)vs › | $195.18B | 93.38x | 68.07x | 88.96x | 353.12x |
| Amphenol Corporation (APH)vs › | $204.17B | 28.75x | 28.85x | 25.54x | 23.12x |
| Cadence Design Systems, Inc. (CDNS)vs › | $107.30B | 54.62x | 49.34x | 51.05x | 48.52x |
| Fortinet, Inc. (FTNT)vs › | $106.52B | 39.52x | 27.41x | 32.14x | 44.09x |
EV/EBITDA vs. its own history
At 32.3, EV/EBITDA is in its normal range, sitting higher than 48% of its 5-year history.
5-year low
9.8
median
33.2
5-year high
120.9
AppLovin Corporation EV/EBITDA Ratio Formula & Definition
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
AppLovin Corporation EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for AppLovin Corporation (APP)?
- The EV/EBITDA ratio for APP stock is 32.32x.
- Is AppLovin Corporation's EV/EBITDA ratio high or low?
- AppLovin Corporation's EV/EBITDA ratio of 32.32x is 15% below its 5-year average of 37.99x, near the low end of its 5-year range (9.80x–120.93x).
- What is the TTM average EV/EBITDA ratio for AppLovin Corporation (APP)?
- The TTM average EV/EBITDA ratio for APP stock is 47.65x.
- What is the 3Y average EV/EBITDA ratio for AppLovin Corporation (APP)?
- The 3Y average EV/EBITDA ratio for APP stock is 37.17x.
- What is the 5Y average EV/EBITDA ratio for AppLovin Corporation (APP)?
- The 5Y average EV/EBITDA ratio for APP stock is 37.23x.
AppLovin Corporation EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-22 | 32.32x |
| 2026-06-18 | 32.34x |
| 2026-06-17 | 33.01x |
| 2026-06-16 | 35.45x |
| 2026-06-15 | 35.84x |
| 2026-06-12 | 34.19x |
| 2026-06-11 | 32.94x |
| 2026-06-10 | 33.93x |
| 2026-06-09 | 35.84x |
| 2026-06-08 | 38.78x |
| 2026-06-05 | 38.33x |
| 2026-06-04 | 38.45x |
| 2026-06-03 | 39.27x |
| 2026-06-02 | 41.65x |
| 2026-06-01 | 42.20x |
| 2026-05-29 | 42.16x |
| 2026-05-28 | 41.26x |
| 2026-05-27 | 39.06x |
| 2026-05-26 | 35.39x |
| 2026-05-22 | 33.16x |
| 2026-05-21 | 33.45x |
| 2026-05-20 | 33.20x |
| 2026-05-19 | 32.83x |
| 2026-05-18 | 33.89x |
| 2026-05-15 | 34.48x |
| 2026-05-14 | 33.40x |
| 2026-05-13 | 31.23x |
| 2026-05-12 | 33.77x |
| 2026-05-11 | 32.93x |
| 2026-05-08 | 32.26x |
| 2026-05-07 | 34.34x |
| 2026-05-06 | 32.28x |
| 2026-05-05 | 37.56x |
| 2026-05-04 | 37.32x |
| 2026-05-01 | 36.15x |
| 2026-04-30 | 35.08x |
| 2026-04-29 | 34.85x |
| 2026-04-28 | 35.29x |
| 2026-04-27 | 36.17x |
| 2026-04-24 | 35.23x |
| 2026-04-23 | 35.69x |
| 2026-04-22 | 38.00x |
| 2026-04-21 | 37.18x |
| 2026-04-20 | 38.56x |
| 2026-04-17 | 37.49x |
| 2026-04-16 | 36.62x |
| 2026-04-15 | 36.51x |
| 2026-04-14 | 34.08x |
| 2026-04-13 | 32.83x |
| 2026-04-10 | 30.79x |
| 2026-04-09 | 29.84x |
| 2026-04-08 | 30.78x |
| 2026-04-07 | 32.28x |
| 2026-04-06 | 32.45x |
| 2026-04-02 | 30.40x |
| 2026-04-01 | 30.51x |
| 2026-03-31 | 31.31x |
| 2026-03-30 | 29.28x |
| 2026-03-27 | 30.00x |
| 2026-03-26 | 30.78x |
| 2026-03-25 | 34.33x |
| 2026-03-24 | 34.27x |
| 2026-03-23 | 36.07x |
| 2026-03-20 | 34.77x |
| 2026-03-19 | 34.58x |
| 2026-03-18 | 34.79x |
| 2026-03-17 | 36.08x |
| 2026-03-16 | 35.62x |
| 2026-03-13 | 36.04x |
| 2026-03-12 | 35.31x |
| 2026-03-11 | 36.26x |
| 2026-03-10 | 37.50x |
| 2026-03-09 | 40.61x |
| 2026-03-06 | 39.44x |
| 2026-03-05 | 39.94x |
| 2026-03-04 | 37.93x |
| 2026-03-03 | 34.50x |
| 2026-03-02 | 34.04x |
| 2026-02-27 | 34.18x |
| 2026-02-26 | 34.97x |
| 2026-02-25 | 33.15x |
| 2026-02-24 | 30.93x |
| 2026-02-23 | 29.95x |
| 2026-02-20 | 32.92x |
| 2026-02-19 | 32.40x |
| 2026-02-18 | 37.22x |
| 2026-02-17 | 34.67x |
| 2026-02-13 | 35.96x |
| 2026-02-12 | 33.81x |
| 2026-02-11 | 41.98x |
| 2026-02-10 | 43.44x |
| 2026-02-09 | 42.30x |
| 2026-02-06 | 37.43x |
| 2026-02-05 | 34.57x |
| 2026-02-04 | 35.67x |
| 2026-02-03 | 42.43x |
| 2026-02-02 | 44.36x |
| 2026-01-30 | 43.46x |
| 2026-01-29 | 52.19x |
| 2026-01-28 | 49.75x |
| 2026-01-27 | 49.86x |
| 2026-01-26 | 49.12x |
| 2026-01-23 | 48.12x |
| 2026-01-22 | 47.89x |
| 2026-01-21 | 48.86x |
| 2026-01-20 | 51.85x |
| 2026-01-16 | 52.14x |
| 2026-01-15 | 55.62x |
| 2026-01-14 | 56.60x |
| 2026-01-13 | 61.21x |
| 2026-01-12 | 60.31x |
| 2026-01-09 | 59.32x |
| 2026-01-08 | 56.48x |
| 2026-01-07 | 57.97x |
| 2026-01-06 | 56.55x |
| 2026-01-05 | 57.97x |
| 2026-01-02 | 56.65x |
| 2025-12-31 | 61.69x |
| 2025-12-30 | 63.49x |
| 2025-12-29 | 63.96x |
| 2025-12-26 | 65.36x |
| 2025-12-24 | 66.56x |
| 2025-12-23 | 66.65x |
| 2025-12-22 | 67.12x |
| 2025-12-19 | 66.00x |
| 2025-12-18 | 63.55x |
| 2025-12-17 | 60.17x |
| 2025-12-16 | 62.00x |
| 2025-12-15 | 61.81x |
| 2025-12-12 | 61.40x |
| 2025-12-11 | 65.61x |
| 2025-12-10 | 64.36x |
| 2025-12-09 | 66.30x |
| 2025-12-08 | 63.13x |
| 2025-12-05 | 63.33x |
| 2025-12-04 | 62.59x |
| 2025-12-03 | 60.63x |
| 2025-12-02 | 59.80x |
| 2025-12-01 | 57.12x |
| 2025-11-28 | 54.93x |
| 2025-11-26 | 53.74x |
| 2025-11-25 | 50.99x |
| 2025-11-24 | 51.33x |
| 2025-11-21 | 47.74x |
| 2025-11-20 | 47.79x |
| 2025-11-19 | 48.63x |
| 2025-11-18 | 48.26x |
| 2025-11-17 | 49.47x |
| 2025-11-14 | 51.14x |
| 2025-11-13 | 51.00x |
| 2025-11-12 | 53.61x |
| 2025-11-11 | 54.52x |
| 2025-11-10 | 59.64x |
| 2025-11-07 | 56.79x |
| 2025-11-06 | 56.92x |
| 2025-11-05 | 56.53x |
| 2025-11-04 | 64.03x |
| 2025-11-03 | 66.47x |
| 2025-10-31 | 67.01x |
| 2025-10-30 | 65.27x |
| 2025-10-29 | 66.37x |
| 2025-10-28 | 65.91x |
| 2025-10-27 | 67.61x |
| 2025-10-24 | 65.20x |
| 2025-10-23 | 62.05x |
| 2025-10-22 | 59.46x |
| 2025-10-21 | 58.20x |
| 2025-10-20 | 59.58x |
| 2025-10-17 | 63.05x |
| 2025-10-16 | 63.72x |
| 2025-10-15 | 63.36x |
| 2025-10-14 | 62.09x |
| 2025-10-13 | 62.10x |
| 2025-10-10 | 59.99x |
| 2025-10-09 | 63.16x |
| 2025-10-08 | 66.21x |
| 2025-10-07 | 66.44x |
| 2025-10-06 | 61.77x |
| 2025-10-03 | 71.73x |
| 2025-10-02 | 71.83x |
| 2025-10-01 | 73.95x |
| 2025-09-30 | 75.46x |
| 2025-09-29 | 74.81x |
| 2025-09-26 | 70.39x |
| 2025-09-25 | 67.28x |
| 2025-09-24 | 67.49x |
| 2025-09-23 | 68.45x |
| 2025-09-22 | 67.65x |
| 2025-09-19 | 68.28x |
| 2025-09-18 | 65.36x |
| 2025-09-17 | 63.82x |
| 2025-09-16 | 63.52x |
| 2025-09-15 | 62.41x |
| 2025-09-12 | 61.25x |
| 2025-09-11 | 60.14x |
| 2025-09-10 | 59.70x |
| 2025-09-09 | 58.77x |
| 2025-09-08 | 57.61x |
| 2025-09-05 | 51.71x |
| 2025-09-04 | 52.72x |
| 2025-09-03 | 51.40x |
| 2025-09-02 | 50.82x |
| 2025-08-29 | 50.49x |
| 2025-08-28 | 51.03x |
| 2025-08-27 | 48.87x |
| 2025-08-26 | 49.53x |
| 2025-08-25 | 47.59x |
| 2025-08-22 | 46.65x |
| 2025-08-21 | 44.27x |
| 2025-08-20 | 43.61x |
| 2025-08-19 | 43.63x |
| 2025-08-18 | 46.33x |
| 2025-08-15 | 46.34x |
| 2025-08-14 | 45.79x |
| 2025-08-13 | 47.14x |
| 2025-08-12 | 49.29x |
| 2025-08-11 | 49.14x |
| 2025-08-08 | 48.14x |
| 2025-08-07 | 46.20x |
| 2025-08-06 | 41.34x |
| 2025-08-05 | 47.55x |
| 2025-08-04 | 49.65x |
| 2025-08-01 | 47.70x |
| 2025-07-31 | 49.12x |
| 2025-07-30 | 45.75x |
| 2025-07-29 | 45.55x |
| 2025-07-28 | 46.69x |
| 2025-07-25 | 45.85x |
| 2025-07-24 | 45.34x |
| 2025-07-23 | 45.61x |
| 2025-07-22 | 44.12x |
| 2025-07-21 | 46.10x |
| 2025-07-18 | 45.89x |
| 2025-07-17 | 45.81x |
| 2025-07-16 | 44.79x |
| 2025-07-15 | 44.48x |
| 2025-07-14 | 44.84x |
| 2025-07-11 | 42.29x |
| 2025-07-10 | 43.66x |
| 2025-07-09 | 44.45x |
| 2025-07-08 | 43.47x |
| 2025-07-07 | 43.50x |
| 2025-07-03 | 43.09x |
| 2025-07-02 | 42.40x |
| 2025-07-01 | 42.48x |
| 2025-06-30 | 44.13x |
| 2025-06-27 | 42.12x |
| 2025-06-26 | 43.80x |
| 2025-06-25 | 42.74x |
| 2025-06-24 | 44.05x |
| 2025-06-23 | 42.32x |
| 2025-06-20 | 41.01x |
| 2025-06-18 | 43.43x |
| 2025-06-17 | 45.40x |
| 2025-06-16 | 46.66x |
| 2025-06-13 | 45.90x |
| 2025-06-12 | 47.87x |
| 2025-06-11 | 48.22x |
| 2025-06-10 | 48.25x |
| 2025-06-09 | 48.24x |
Showing the most recent 260 of 1,281 data points. The chart above shows the full history.
Related Metrics
About AppLovin Corporation
AppLovin Corporation provides a specialized software platform focused on empowering mobile application developers to enhance the marketing and revenue generation of their products. With operations spanning the United States and international markets, the company assists mobile app developers worldwide. Among its core software offerings is AppDiscovery, a marketing solution that intelligently connects advertiser demand with publisher supply through an auction-based model. Another key product is Adjust, an analytics platform that enables marketers to scale their mobile apps by offering capabilities for performance measurement, campaign optimization, and user data protection. Additionally, MAX is an in-app bidding software engineered to maximize the value derived from an app's advertising inventory by facilitating real-time competitive auctions. Its client base is broad, serving advertisers, publishers, internet platforms, and other stakeholders. Founded in 2011, the enterprise maintains its headquarters in Palo Alto, California.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Adam Arash Foroughi