APP
Applovin
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: APP
- PE Ratio
As at Jul 31, 2026, the APP stock has a PE ratio of 33.78. This is based on the current EPS of $11.72 and the stock price of $395.9 per share. A decrease of 43% has been seen in the P/E ratio compared to the average of 59.3 of the last 4 quarters.
APP PE ratio history
The mean historical PE ratio of Applovin over the last five years is 160.82. The current 33.78 PE ratio is 79% below the historical average. Over the past five years, APP's PE ratio was at its highest in the Dec 2021 quarter at 942.6, with a price of $94.26 and an EPS of $0.1. The Mar 2026 quarter recorded the bottom point at 33.96, with a price of $398 and an EPS of $11.72.
Applovin PE ratio by year
Maximum annual increase: 75.34% in 2024
Maximum annual decrease: -1.03% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 68.48 | -1.03% | $673.82 | $9.84 |
| 2024 | 69.19 | 75.34% | $323.83 | $4.68 |
| 2023 | 39.46 | N/A | $39.85 | $1.01 |
| 2022 | N/A | N/A | $10.53 | -$0.52 |
| 2021 | 942.6 | N/A | $94.26 | $0.1 |
| 2020 | N/A | N/A | N/A | -$0.58 |
| 2019 | N/A | N/A | N/A | $0.36 |
Applovin PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 33.96 | -50.41% | $398 | $11.72 |
| Dec 2025 | 68.48 | -20.33% | $673.82 | $9.84 |
| Sep 2025 | 85.95 | 76.27% | $718.54 | $8.36 |
| Jun 2025 | 48.76 | 4.52% | $350.08 | $7.18 |
| Mar 2025 | 46.65 | -32.58% | $264.97 | $5.68 |
| Dec 2024 | 69.19 | 80.75% | $323.83 | $4.68 |
| Sep 2024 | 38.28 | 12.23% | $130.55 | $3.41 |
| Jun 2024 | 34.11 | -14.25% | $83.22 | $2.44 |
| Mar 2024 | 39.78 | 0.81% | $69.22 | $1.74 |
| Dec 2023 | 39.46 | -69.39% | $39.85 | $1.01 |
| Sep 2023 | 128.9 | -74.95% | $39.96 | $0.31 |
| Jun 2023 | 514.6 | N/A | $25.73 | $0.05 |
| Mar 2023 | N/A | N/A | $15.75 | -$0.23 |
| Dec 2022 | N/A | N/A | $10.53 | -$0.52 |
| Sep 2022 | N/A | N/A | $19.49 | -$0.22 |
APP Price vs fair value
APP average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
APP's current P/E ratio is below the 3 and 5-year averages.
PE comparison
With a P/E of 33.78, APP is above the industry and its peers average but below the Technology sector average. But compared to its Technology sector average of 34.94, Applovin's P/E is only 3.3% lower.
APP PE vs peers
APP's PE ratio is higher than its peer stocks GAP and URBN. Applovin's current PE ratio of 33.78 is above the average of its peers, which is 10.31.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GAP Gap Inc | 7.76 | $7.23B |
| ANF Abercrombie & Fitch Co. - Class A | 9.4 | $4.42B |
| BKE Buckle Inc | 9.95 | $2.25B |
| AEO American Eagle Outfitters Inc | 10.41 | $2.88B |
| URBN Urban Outfitters Inc | 14.02 | $6.35B |
| APP Applovin Corp | 33.78 | $133B |
| TLYS Tilly'S Inc | N/A | $116.16M |
Frequently asked questions
What is Applovin's PE ratio?
The price to earnings ratio for APP stock as of Jul 31, 2026, stands at 33.78.
What is the 3-year average PE ratio for Applovin (APP)?
The 3-year average PE ratio for APP stock is 57.59.
What is the 5-year average PE ratio for Applovin (APP)?
The 5-year average PE ratio for APP stock is 160.82.
What is the highest PE ratio for APP?
The highest quarterly PE ratio in the last five years has been 942.6 and it was in the Dec 2021 quarter.
How does the current PE ratio for APP compare to its historical average?
APP's current price to earnings ratio is 79% below its 5-year historical average.
How is APP's PE ratio calculated (Applovin PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 31, 2026), Applovin's stock price is $395.9. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $11.72. Therefore, Applovin's P/E ratio for today is 33.78. PE RATIO(33.78) = STOCK PRICE($395.9) / TTM EPS($11.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.