(APP) Applovin - Ratings and Ratios
Advertising Platform, Mobile Games, Analytics, Connected TV
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 68.5% |
| Value at Risk 5%th | 96.3% |
| Relative Tail Risk | -14.52% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.18 |
| Alpha | 70.53 |
| CAGR/Max DD | 5.16 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.420 |
| Beta | 2.184 |
| Beta Downside | 2.389 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.00% |
| Mean DD | 11.44% |
| Median DD | 7.59% |
Description: APP Applovin October 14, 2025
AppLovin Corp. (NASDAQ: APP) operates a software-based platform that helps advertisers acquire users and monetize digital content across mobile and connected-TV (CTV) environments worldwide. The business is split into two primary segments-Advertising, which runs demand-side solutions, and Apps, which includes its portfolio of free-to-play games and related services.
Key offerings include AppDiscovery (demand-side advertising), MAX (in-app bidding that runs real-time auctions for publishers), Adjust (measurement and analytics), and Wurl (CTV distribution and ad-tech). Complementary tools such as SparkLabs (app-store optimization), the AppLovin Exchange (RTB marketplace for mobile and CTV inventory), and Array (end-to-end app management for carriers) expand the ecosystem, while the Apps segment generates recurring revenue from its own and partner-developed games.
According to the most recent Form 10-K (FY 2023), AppLovin reported revenue of roughly **$2.2 billion**, up about **12 % YoY**, driven primarily by a **~68 % gross margin** on its advertising stack. Mobile ad spend is projected to grow 9-10 % annually through 2027, and CTV ad spend is accelerating at ~15 % CAGR, both of which underpin the company’s growth outlook. However, the firm posted an operating loss of $210 million, reflecting heavy investment in scaling its AI-driven bidding and measurement capabilities; this loss margin is a risk factor if ad-spend growth stalls or pricing pressure intensifies.
For a deeper, data-driven comparison of AppLovin’s valuation and risk metrics, the ValueRay platform provides a transparent dashboard that may help you extend your analysis.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income (2.83b TTM) > 0 and > 6% of Revenue (6% = 331.2m TTM) |
| FCFTA 0.53 (>2.0%) and ΔFCFTA 20.81pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 43.73% (prev 30.80%; Δ 12.93pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.53 (>3.0%) and CFO 3.36b > Net Income 2.83b (YES >=105%, WARN >=100%) |
| Net Debt (1.85b) to EBITDA (3.58b) ratio: 0.52 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.25 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (341.0m) change vs 12m ago -2.08% (target <= -2.0% for YES) |
| Gross Margin 83.31% (prev 77.22%; Δ 6.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 93.68% (prev 65.37%; Δ 28.32pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 13.16 (EBITDA TTM 3.58b / Interest Expense TTM 249.9m) >= 6 (WARN >= 3) |
Altman Z'' 7.01
| (A) 0.38 = (Total Current Assets 3.49b - Total Current Liabilities 1.07b) / Total Assets 6.34b |
| (B) 0.17 = Retained Earnings (Balance) 1.05b / Total Assets 6.34b |
| (C) 0.56 = EBIT TTM 3.29b / Avg Total Assets 5.89b |
| (D) 0.21 = Book Value of Equity 1.05b / Total Liabilities 4.87b |
| Total Rating: 7.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 90.15
| 1. Piotroski 8.50pt |
| 2. FCF Yield 1.89% |
| 3. FCF Margin 60.75% |
| 4. Debt/Equity 2.38 |
| 5. Debt/Ebitda 0.52 |
| 6. ROIC - WACC (= 44.23)% |
| 7. RoE 262.9% |
| 8. Rev. Trend 81.57% |
| 9. EPS Trend 92.08% |
What is the price of APP shares?
Over the past week, the price has changed by +17.44%, over one month by +3.30%, over three months by +35.55% and over the past year by +91.73%.
Is APP a buy, sell or hold?
- Strong Buy: 16
- Buy: 4
- Hold: 4
- Sell: 1
- Strong Sell: 1
What are the forecasts/targets for the APP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 714.1 | 9.4% |
| Analysts Target Price | 714.1 | 9.4% |
| ValueRay Target Price | 873.3 | 33.7% |
APP Fundamental Data Overview November 25, 2025
P/E Trailing = 61.3514
P/E Forward = 36.2319
P/S = 27.9
P/B = 119.2904
P/EG = 1.1286
Beta = 2.501
Revenue TTM = 5.52b USD
EBIT TTM = 3.29b USD
EBITDA TTM = 3.58b USD
Long Term Debt = 3.51b USD (from longTermDebt, last quarter)
Short Term Debt = 29.6m USD (from shortTermDebt, last fiscal year)
Debt = 3.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.85b USD (from netDebt column, last quarter)
Enterprise Value = 177.82b USD (175.98b + Debt 3.51b - CCE 1.67b)
Interest Coverage Ratio = 13.16 (Ebit TTM 3.29b / Interest Expense TTM 249.9m)
FCF Yield = 1.89% (FCF TTM 3.35b / Enterprise Value 177.82b)
FCF Margin = 60.75% (FCF TTM 3.35b / Revenue TTM 5.52b)
Net Margin = 51.28% (Net Income TTM 2.83b / Revenue TTM 5.52b)
Gross Margin = 83.31% ((Revenue TTM 5.52b - Cost of Revenue TTM 921.6m) / Revenue TTM)
Gross Margin QoQ = 87.56% (prev 87.68%)
Tobins Q-Ratio = 28.03 (Enterprise Value 177.82b / Total Assets 6.34b)
Interest Expense / Debt = 1.46% (Interest Expense 51.4m / Debt 3.51b)
Taxrate = 18.16% (185.4m / 1.02b)
NOPAT = 2.69b (EBIT 3.29b * (1 - 18.16%))
Current Ratio = 3.25 (Total Current Assets 3.49b / Total Current Liabilities 1.07b)
Debt / Equity = 2.38 (Debt 3.51b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = 0.52 (Net Debt 1.85b / EBITDA 3.58b)
Debt / FCF = 0.55 (Net Debt 1.85b / FCF TTM 3.35b)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 44.63% (Net Income 2.83b / Total Assets 6.34b)
RoE = 262.9% (Net Income TTM 2.83b / Total Stockholder Equity 1.08b)
RoCE = 71.67% (EBIT 3.29b / Capital Employed (Equity 1.08b + L.T.Debt 3.51b))
RoIC = 58.04% (NOPAT 2.69b / Invested Capital 4.64b)
WACC = 13.81% (E(175.98b)/V(179.49b) * Re(14.06%) + D(3.51b)/V(179.49b) * Rd(1.46%) * (1-Tc(0.18)))
Discount Rate = 14.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.94%
[DCF Debug] Terminal Value 64.31% ; FCFE base≈2.71b ; Y1≈3.34b ; Y5≈5.70b
Fair Price DCF = 139.1 (DCF Value 42.79b / Shares Outstanding 307.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 92.08 | EPS CAGR: 149.1% | SUE: 0.38 | # QB: 0
Revenue Correlation: 81.57 | Revenue CAGR: 16.46% | SUE: 0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.15 | Chg30d=+0.069 | Revisions Net=-3 | Analysts=10
EPS next Year (2026-12-31): EPS=14.31 | Chg30d=+0.537 | Revisions Net=+8 | Growth EPS=+53.5% | Growth Revenue=+33.9%
Additional Sources for APP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle