Based on the most recent data from Jun 2, 2026, APP's PEG ratio comes in at 0.49. This metric factors in a PE of 51.67 with an earnings growth rate of 106.3%. Relative to the 0.45 average from the previous four quarters, the PEG ratio has grown by 10%.
Looking at the last five years, APP's PEG ratio has has been around 1.18 on average. At 0.49, today's PE to growth ratio sits 58% below its historical average. Within the last five years, the Dec 2021 quarter recorded the highest PEG value at 8.04. At 0.01, the Jun 2024 quarter showed the minimum PEG ratio in this period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.62 | 68.48 | 110.3% |
| 2024 | 0.19 | 69.19 | 363.4% |
| 2023 | 0.13 | 39.46 | 294.2% |
| 2022 | N/A | N/A | -620% |
| 2021 | 8.04 | 942.6 | 117.2% |
| 2020 | N/A | N/A | -261.1% |
| 2019 | N/A | N/A | N/A |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 0.32 | 33.96 | 106.3% |
| Dec 2025 | 0.62 | 68.48 | 110.3% |
| Sep 2025 | 0.59 | 85.95 | 145.2% |
| Jun 2025 | 0.25 | 48.76 | 194.3% |
| Mar 2025 | 0.21 | 46.65 | 226.4% |
| Dec 2024 | 0.19 | 69.19 | 363.4% |
| Sep 2024 | 0.04 | 38.28 | 1,000% |
| Jun 2024 | 0.01 | 34.11 | 4,780% |
| Mar 2024 | 0.05 | 39.78 | 856.5% |
| Dec 2023 | 0.13 | 39.46 | 294.2% |
| Sep 2023 | 0.54 | 128.9 | 240.9% |
| Jun 2023 | 4.36 | 514.6 | 117.9% |
| Mar 2023 | N/A | N/A | -27.8% |
| Dec 2022 | N/A | N/A | -620% |
| Sep 2022 | N/A | N/A | -144.4% |
Measured against past performance, APP's PEG ratio is below the 3 and 5-year averages.
With a PEG of 0.49, APP is below the Technology sector and the industry average. Compared to its Technology sector average of 0.8, Applovin's PEG is 39% lower.
APP has a PEG ratio below that of peer stocks GAP and URBN.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| APP Applovin Corp | 0.46 | $191.76B |
| GAP Gap, Inc. | 0.73 | $7.63B |
| URBN Urban Outfitters Inc | 0.75 | $6.21B |
| BKE Buckle Inc | 1.63 | $2.24B |
| ANF Abercrombie & Fitch Co | N/A | $3.43B |
| TLYS Tilly'S Inc | N/A | $135.31M |
| AEO American Eagle Outfitters Inc | N/A | $2.72B |
According to Jun 2, 2026 data, APP's PEG ratio sits at 0.49.
Over the last 3 years, APP's PEG ratio has settled near 0.61.
Over the last 5 years, APP's PEG ratio has settled near 1.18.
APP's PEG ratio peaked at 8.04 during the Dec 2021 quarter - the highest in five years.
APP currently has a PEG ratio 58% below its 5-year average.
The 0.49 PEG ratio for APP reflects strong earnings growth outpacing the current valuation.
Computing the PEG ratio involves dividing the PE ratio by the company's EPS growth (YoY TTM). As of Jun 2, 2026, Applovin has a P/E ratio of 51.67. Earnings grew at 106.3% over the TTM period ending Mar 2026. Applying the formula, this produces a price to earnings growth ratio of 0.49. PEG RATIO(0.49) = PE RATIO(51.67) / EPS GROWTH(106.3%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.