Applied Digital price to book ratio APLD

Market value divided by the book value of the company's net assets, since 2022.

Today, Oct 23, 2026: 3.4×
4-year median: 5.0×
Against its 4-year history: 21st; percentile: 0 is its lowest day, 100 its highest
4-year range: 2.0× to 14.7×
Peer median: 4.8×

Applied Digital's price to book ratio is 3.4× as of Oct 23, 2026.

That is below its 4-year median of 5.0×, lower than on 79% of days in the last 4 years.

Over that time it ranged from 2.0× in Apr 2025 to 14.7× in Jul 2023.

The median for 10 application software stocks of a similar size is 4.8×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	3.4×	3.4×	8.5×
2025	6.4×	2.0×	13.9×
2024	7.5×	2.3×	10.3×
2023	5.6×	2.6×	14.7×
2022	2.5×	2.0×	3.3×

Against its peers

Companies in Software - Application nearest Applied Digital's size, closest first, today.

Company	Price to book ratio
APLDApplied Digital	3.4×
PEGAPegasystems	10.7×
TTDTrade Desk	2.4×
RNGRingCentral	n/m
LIFLife360	6.0×
FAFirst Advantage	2.8×
HNGEHinge Health	26.1×
MGNIMagnite	3.5×
MTCHMatch	n/m
ESTCElastic	8.3×
FIVNFive9	3.6×
Peer median	4.8×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Applied Digital

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.