AppLovin Corp (APP)

Services-Computer Programming, Data Processing, Etc.

Latest Price

$334.24

TTM P/E

25.69

Normalized P/E

75.42

Div Yield

Book Value

9.40

P/B Ratio

35.57

Valuation metrics

EPS: $9.75

Book value / share: $6.31

Formula: √(22.5 × EPS × BVPS)

Graham Number

$37.20

89% downside

Norm. op. income: $648M (median of 5yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$13.61

96% downside

Base FCF: $735M (median of recent 4yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$158.59

53% downside

EPS: $9.75

Target P/E: 75×

Formula: EPS × P/E

P/E Fair Value

$731.25

+119% upside

70.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	24.04M	$12.39B	7.17%	+400.4K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	17.74M	$9.14B	5.29%	+994.1K	2026-06-30
FMR LLC	17.29M	$8.91B	5.16%	+1.60M	2026-06-30
STATE STREET CORP	12.10M	$6.24B	3.61%	+334.5K	2026-06-30
Invesco Ltd.	10.98M	$5.66B	3.27%	+6.83M	2026-06-30
Capital World Investors	8.15M	$4.20B	2.43%	+4.97M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	7.36M	$3.78B	2.20%	+74.6K	2026-06-30
BAILLIE GIFFORD & CO	6.47M	$3.33B	1.93%	-228.5K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	6.35M	$3.27B	1.89%	+414.8K	2026-06-30
MORGAN STANLEY	5.79M	$2.98B	1.73%	+186.4K	2026-06-30