AppLovin price to book ratio APP

Market value divided by the book value of the company's net assets, since 2021.

Today, Oct 23, 2026: 27.5×
5-year median: 18.2×
Against its 5-year history: 54th; percentile: 0 is its lowest day, 100 its highest
5-year range: 1.9× to 198×
Peer median: 14.1×

AppLovin's price to book ratio is 27.5× as of Oct 23, 2026.

That is above its 5-year median of 18.2×, close to the middle of its last 5 years.

Over that time it ranged from 1.9× in Jan 2023 to 198× in Oct 2025.

The median for 10 application software stocks of a similar size is 14.1×.

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	27.5×	27.5×	149×
2025	164×	68.4×	198×
2024	120×	11.7×	144×
2023	12.2×	1.9×	13.4×
2022	2.1×	1.9×	14.7×
2021	17.2×	13.0×	20.9×

Against its peers

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

Company	Price to book ratio
APPAppLovin	27.5×
CDNSCadence Design Systems	12.7×
INTUIntuit	4.8×
DDOGDatadog	22.2×
ADBEAdobe	8.7×
SNOWSnowflake	53.4×
ADPAutomatic Data Processing	20.0×
TEAMAtlassian	54.4×
MSTRStrategy	1.8×
UBERUber Technologies	5.0×
ADSKAutodesk	15.6×
Peer median	14.1×

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 AppLovin

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