AppLovin (APP) valuation
AppLovin P/E ratio history
AppLovin trades at 17.6 times its earnings over the last twelve months and 12.3 times the earnings analysts expect over the next twelve. At its last 3 fiscal year ends its P/E ranged from 40.7 (year to Dec 2023) to 71.5 (year to Dec 2024), with a median of 69.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $673.82 | $9.75 | 69.1 | 50.7 |
| Dec 31, 2024 | $323.83 | $4.53 | 71.5 | 51.4 |
| Dec 31, 2023 | $39.85 | $0.98 | 40.7 | — |
| Dec 31, 2022 | $10.53 | -$0.52 | n/m | 12.9 |
| Dec 31, 2021 | $94.26 | $0.09 | n/m | 145.5 |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
AppLovin valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| AppLovinAPP | $76.8B | 17.6 | 12.3 | 11.2 |
| DatadogDDOG | $83.7B | 470.5 | 85.4 | 21.1 |
| SynopsysSNPS | $89.5B | 81.9 | 26.4 | 9.5 |
| Cadence Design SystemsCDNS | $90.3B | 65.2 | 34.6 | 14.7 |
| IntuitINTU | $93.3B | 20.7 | 14.3 | 4.4 |
| AdobeADBE | $99.5B | 14.0 | 9.4 | 3.8 |
| SnowflakeSNOW | $106B | — | 116.6 | 19.5 |
| AutodeskADSK | $52.7B | 32.3 | 18.6 | 6.8 |
| WorkdayWDAY | $48.9B | 40.0 | 16.3 | 4.8 |
| Peer median | 40.0 | 22.5 | 8.1 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: APP financials · APP returns
No forecast, no recommendation. This page describes AppLovin from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.