AppLovin

APP · NASDAQ · USD

$268.22Change from previous close: −4.65%Absolute change: −$13.09

Close · October 2, 2026

Valuation

Data as of October 4, 2026

Valuation multiples

Market cap
$89.76B
Enterprise value
$90.22B
P/E (trailing 12 months)
20.6
Forward P/E
12.8
PEG
0.58
Price/book
28.4
Price/sales
13.1
EV/EBITDA
16.7
EV/revenue
13.2

Profitability and growth

Gross margin
88.5%
Operating margin
77.7%
Net margin
64.6%
ROE
203.7%
ROA
46.5%
ROIC
132.7%
Revenue growth (year over year)
52.8%
Earnings growth (year over year)
57.0%

Financial health

Total cash
$3.05B
Total debt
$3.52B
Debt/equity
1.11
Current ratio
4.30
Quick ratio
4.17
Altman Z-Score
24.4
Piotroski F-Score
7.00

Dividends

Payout ratio
0.0%

Analysts and estimates

Average price target
$497.05
Median price target
$475.00
High price target
$790.00
Low price target
$325.00
Analysts with a price target
31
Consensus
Buy
Forward EPS
$20.98
EPS estimate, current year
$15.66

Shares and trading

Beta
2.49
Average volume
5.89M
Shares outstanding
304.44M
Float
265.4M
Institutional ownership
76.1%
Insider ownership
4.7%
Short interest (% of float)
3.8%
Short ratio (days)
2.36