Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 21.01 as of Friday, August 7, 2026.
Forward PE Ratio (21.01) = Close Price ($343.85) / Consensus Forward EPS ($15.97)
FORWARD PE RATIO
21.01
SECTOR MEDIAN · TECHNOLOGY
27.88
median of 146 covered companies
CURRENT VS SECTOR MEDIAN
-24.63%
vs the sector median at left
AppLovin Corporation
Market Cap
$115.51B
Forward PE Ratio
21.01
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| AppLovin Corporation (APP) | $115.51B | 21.01 |
| Fortinet, Inc. (FTNT)vs › | $116.48B | 46.78 |
| Snowflake Inc. (SNOW)vs › | $112.80B | 262.33 |
| Automatic Data Processing, Inc. (ADP)vs › | $108.41B | 24.70 |
| Accenture plc (ACN)vs › | $106.78B | 12.34 |
| Cloudflare, Inc. (NET)vs › | $106.55B | 237.49 |
| Adobe Inc. (ADBE)vs › | $105.57B | 10.66 |
| ServiceNow, Inc. (NOW)vs › | $129.16B | 28.82 |
| Cadence Design Systems, Inc. (CDNS)vs › | $92.88B | 41.57 |
| Intuit Inc. (INTU)vs › | $89.40B | 13.51 |
Trailing P/E
25.8
reported TTM EPS
Forward P/E
21.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $15.97 implies +22.8% EPS growth vs the reported trailing $13.01.
At today's $343.85 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 | $15.97 | $15.28 – $16.71 | 18 | 21.5x |
| 2027-12-31 | $21.24 | $20.08 – $22.68 | 19 | 16.2x |
| 2028-12-31 | $28.07 | $21.21 – $31.31 | 15 | 12.2x |
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.
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
