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AppLovin Corporation (APP)
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AppLovin Corporation (APP) PE Ratio: 40.33

Is AppLovin Corporation’s P/E ratio high or low?

AppLovin Corporation's P/E ratio of 40.33 is 74% below its 4-year average of 154.81, near the low end of its 4-year range (28.59–769.37).

As of Tuesday, June 23, 2026. 36.57% below its 12-month average of 63.58.

PE Ratio (40.33) = Close Price ($469.39) / Diluted TTM EPS ($11.64)

APP PE Ratio Chart

APP PE Ratio
40.33-33.38% 1Y
Zoom

APP Average PE Ratio Chart

APP Current vs Average PE Ratio Chart

APP PE Ratio Metrics

PE RATIO

40.33

PE RATIO AVG TTM

63.58

PE RATIO AVG 3Y

73.83

PE RATIO AVG 5Y

N/A

PE RATIO AVG 10Y

N/A

PE RATIO AVG 15Y

N/A

PE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-36.57%

CURRENT VS 3Y AVG

-45.38%

CURRENT VS 5Y AVG

N/A

CURRENT VS 10Y AVG

N/A

CURRENT VS 15Y AVG

N/A

CURRENT VS 20Y AVG

N/A

APP Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
AppLovin Corporation (APP)$157.69B40.3363.5873.83N/A
Uber Technologies, Inc. (UBER)vs ›$145.40B17.8114.8349.8149.81
CrowdStrike Holdings, Inc. (CRWD)vs ›$171.94BN/A660.46661.40661.40
SAP SE (SAP)vs ›$174.21B20.0636.0754.1945.36
Shopify Inc. (SHOP)vs ›$140.12B105.86106.51178.51149.78
Salesforce, Inc. (CRM)vs ›$122.95B17.4031.4089.42176.21
Palo Alto Networks, Inc. (PANW)vs ›$195.18B249.04120.45121.87326.59
Amphenol Corporation (APH)vs ›$204.17B47.6944.8038.5034.54
Cadence Design Systems, Inc. (CDNS)vs ›$107.30B90.6983.6077.7571.82
Fortinet, Inc. (FTNT)vs ›$106.52B56.1436.7442.3956.28

P/E vs. its own history

At 40.3, P/E is cheaper than usual, sitting higher than 5% of its 4-year history.

4-year low

28.6

median

70.4

4-year high

769.4

cheaperricher

P/E Comparison

Trailing P/E

40.3

Forward P/E

21.9

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$469.39

÷

Forward EPS (Est.)

$21.42

=

Forward P/E

21.92

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

AppLovin Corporation 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

AppLovin Corporation PE Ratio FAQ

What is the P/E ratio for AppLovin Corporation (APP)?
The P/E ratio for APP stock is 40.33.
Is AppLovin Corporation's P/E ratio high or low?
AppLovin Corporation's P/E ratio of 40.33 is 74% below its 4-year average of 154.81, near the low end of its 4-year range (28.59–769.37).
What is the TTM average P/E ratio for AppLovin Corporation (APP)?
The TTM average P/E ratio for APP stock is 63.58.
What is the 3Y average P/E ratio for AppLovin Corporation (APP)?
The 3Y average P/E ratio for APP stock is 73.83.

AppLovin Corporation PE Ratio History

DATEPE RATIO
2026-06-2240.33
2026-06-1840.35
2026-06-1741.19
2026-06-1644.26
2026-06-1544.75
2026-06-1242.68
2026-06-1141.11
2026-06-1042.35
2026-06-0944.75
2026-06-0848.43
2026-06-0547.87
2026-06-0448.01
2026-06-0349.04
2026-06-0252.03
2026-06-0152.72
2026-05-2952.67
2026-05-2851.54
2026-05-2748.78
2026-05-2644.18
2026-05-2241.38
2026-05-2141.74
2026-05-2041.43
2026-05-1940.97
2026-05-1842.30
2026-05-1543.04
2026-05-1441.68
2026-05-1338.96
2026-05-1242.16
2026-05-1141.10
2026-05-0840.25
2026-05-0742.86
2026-05-0640.28
2026-05-0549.04
2026-05-0448.72
2026-05-0147.18
2026-04-3045.78
2026-04-2945.48
2026-04-2846.05
2026-04-2747.21
2026-04-2445.98
2026-04-2346.58
2026-04-2249.61
2026-04-2148.53
2026-04-2050.35
2026-04-1748.94
2026-04-1647.80
2026-04-1547.65
2026-04-1444.46
2026-04-1342.82
2026-04-1040.14
2026-04-0938.89
2026-04-0840.12
2026-04-0742.10
2026-04-0642.33
2026-04-0239.63
2026-04-0139.78
2026-03-3140.82
2026-03-3038.16
2026-03-2739.10
2026-03-2640.12
2026-03-2544.79
2026-03-2444.71
2026-03-2347.07
2026-03-2045.37
2026-03-1945.12
2026-03-1845.39
2026-03-1747.09
2026-03-1646.49
2026-03-1347.04
2026-03-1246.09
2026-03-1147.33
2026-03-1048.96
2026-03-0953.05
2026-03-0651.50
2026-03-0552.16
2026-03-0449.52
2026-03-0345.01
2026-03-0244.41
2026-02-2744.59
2026-02-2645.63
2026-02-2543.24
2026-02-2440.33
2026-02-2339.04
2026-02-2042.94
2026-02-1942.26
2026-02-1849.08
2026-02-1745.68
2026-02-1347.40
2026-02-1244.53
2026-02-1155.44
2026-02-1057.39
2026-02-0955.87
2026-02-0649.36
2026-02-0545.54
2026-02-0447.01
2026-02-0356.04
2026-02-0258.62
2026-01-3057.42
2026-01-2969.08
2026-01-2865.82
2026-01-2765.97
2026-01-2664.98
2026-01-2363.64
2026-01-2263.34
2026-01-2164.63
2026-01-2068.63
2026-01-1669.02
2026-01-1573.66
2026-01-1474.97
2026-01-1381.14
2026-01-1279.93
2026-01-0978.61
2026-01-0874.82
2026-01-0776.81
2026-01-0674.91
2026-01-0576.81
2026-01-0275.04
2025-12-3181.77
2025-12-3084.19
2025-12-2984.81
2025-12-2686.68
2025-12-2488.29
2025-12-2388.40
2025-12-2289.03
2025-12-1987.54
2025-12-1884.27
2025-12-1779.75
2025-12-1682.20
2025-12-1581.94
2025-12-1281.39
2025-12-1187.01
2025-12-1085.35
2025-12-0987.94
2025-12-0883.71
2025-12-0583.97
2025-12-0482.98
2025-12-0380.37
2025-12-0279.25
2025-12-0175.68
2025-11-2872.75
2025-11-2671.16
2025-11-2567.48
2025-11-2467.94
2025-11-2163.14
2025-11-2063.21
2025-11-1964.33
2025-11-1863.84
2025-11-1765.45
2025-11-1467.68
2025-11-1367.49
2025-11-1270.98
2025-11-1172.20
2025-11-1079.04
2025-11-0775.23
2025-11-0675.41
2025-11-0574.88
2025-11-0486.46
2025-11-0389.79
2025-10-3190.53
2025-10-3088.16
2025-10-2989.66
2025-10-2889.04
2025-10-2791.35
2025-10-2488.07
2025-10-2383.76
2025-10-2280.23
2025-10-2178.50
2025-10-2080.39
2025-10-1785.13
2025-10-1686.03
2025-10-1585.55
2025-10-1483.81
2025-10-1383.82
2025-10-1080.95
2025-10-0985.27
2025-10-0889.45
2025-10-0789.75
2025-10-0683.38
2025-10-0396.98
2025-10-0297.11
2025-10-01100.01
2025-09-30102.07
2025-09-29101.19
2025-09-2695.15
2025-09-2590.90
2025-09-2491.18
2025-09-2392.50
2025-09-2291.41
2025-09-1992.27
2025-09-1888.28
2025-09-1786.17
2025-09-1685.77
2025-09-1584.25
2025-09-1282.67
2025-09-1181.15
2025-09-1080.56
2025-09-0979.29
2025-09-0877.70
2025-09-0569.64
2025-09-0471.02
2025-09-0369.23
2025-09-0268.43
2025-08-2967.98
2025-08-2868.71
2025-08-2765.76
2025-08-2666.67
2025-08-2564.02
2025-08-2262.74
2025-08-2159.48
2025-08-2058.58
2025-08-1958.61
2025-08-1862.29
2025-08-1562.31
2025-08-1461.55
2025-08-1363.41
2025-08-1266.34
2025-08-1166.13
2025-08-0864.77
2025-08-0762.12
2025-08-0655.48
2025-08-0568.22
2025-08-0471.30
2025-08-0168.44
2025-07-3170.52
2025-07-3065.58
2025-07-2965.28
2025-07-2866.96
2025-07-2565.73
2025-07-2464.97
2025-07-2365.36
2025-07-2263.18
2025-07-2166.10
2025-07-1865.79
2025-07-1765.66
2025-07-1664.17
2025-07-1563.71
2025-07-1464.24
2025-07-1160.49
2025-07-1062.51
2025-07-0963.67
2025-07-0862.23
2025-07-0762.27
2025-07-0361.67
2025-07-0260.65
2025-07-0160.77
2025-06-3063.19
2025-06-2760.25
2025-06-2662.72
2025-06-2561.16
2025-06-2463.08
2025-06-2360.54
2025-06-2058.61
2025-06-1862.16
2025-06-1765.06
2025-06-1666.91
2025-06-1365.79
2025-06-1268.70
2025-06-1169.21
2025-06-1069.24
2025-06-0969.24

Showing the most recent 260 of 763 data points. The chart above shows the full history.

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.

Palo Alto, CA
876 employees
Technology / Software - Application
Sector
Technology
Industry
Software - Application
CEO
Adam Arash Foroughi