Forward PE Ratio: 32.42
The forward PE ratio is 32.42 as of Thursday, July 9, 2026.
Forward PE Ratio (32.42) = Close Price ($520.43) / Consensus Forward EPS ($16.11)
APP Forward PE Ratio Metrics
FORWARD PE RATIO
32.42
APP Competitors' Forward PE Ratio
AppLovin Corporation
Market Cap
$174.83B
Forward PE Ratio
32.42
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| AppLovin Corporation (APP) | $174.83B | 32.42 |
| Corning Inc (GLW)vs › | $165.70B | 57.73 |
| SAP SE (SAP)vs › | $184.64B | 21.40 |
| Shopify Inc. (SHOP)vs › | $159.83B | 66.75 |
| Analog Devices, Inc. (ADI)vs › | $191.74B | 31.28 |
| Uber Technologies, Inc. (UBER)vs › | $151.35B | 22.18 |
| Western Digital Corporation (WDC)vs › | $199.24B | 55.10 |
| Seagate Technology Holdings plc (STX)vs › | $199.58B | 57.70 |
| Amphenol Corporation (APH)vs › | $199.59B | 33.09 |
| QUALCOMM Incorporated (QCOM)vs › | $201.43B | 17.33 |
Trailing vs Forward
Trailing P/E
44.9
reported TTM EPS
Forward P/E
32.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $16.11 implies +38.4% EPS growth vs the reported trailing $11.64.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $520.43 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $16.11 | $15.38 – $16.81 | 19 | 32.3x |
| 2027-12-31 | $21.61 | $20.31 – $22.94 | 21 | 24.1x |
| 2028-12-31 | $28.48 | $21.73 – $32.83 | 17 | 18.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for AppLovin Corporation (APP)?
- The forward PE ratio for APP stock is 32.42.
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