Applied Digital (APLD) Price to Book (2021 - 2026)
Applied Digital's (APLD) quarterly Price to Book came in at 7.89 in Q2 2026, up 155.72% on a YoY basis from 3.09 in Q2 2025, and up 60.36% quarter-over-quarter from 4.92 in Q1 2026.
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Applied Digital (APLD) Price to Book (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Price to Book for 6 consecutive years, with 7.89 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book rose 155.72% year-over-year to 7.89; the trailing twelve-month figure through May 2026 stood at 7.89 (up 155.72% YoY), and the FY2026 full-year result was 7.89, up 155.72% from the prior year.
- Price to Book grew to 7.89 in Q2 2026 per APLD's latest filing, from 4.92 in the prior quarter.
- Across five years, Price to Book topped out at 11.52 in Q2 2023 and bottomed at 69.96 in Q1 2022.
- Historically, Price to Book has averaged 0.4 across 5 years, with a median of 3.91 in 2025.
- The sharpest annual moves came in 2023 and 2024: Price to Book jumped 230.93% in 2023, then slumped 66.46% in 2024.
- Over 5 years, Price to Book stood at 2.55 in 2022, then soared by 38.76% to 3.53 in 2023, then surged by 42.49% to 5.03 in 2024, then gained by 3.66% to 5.22 in 2025, then surged by 51.28% to 7.89 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 7.89, 4.92, and 5.22 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 7.89 |
| Feb 28, 2026 | 4.92 |
| Nov 30, 2025 | 5.22 |
| Aug 31, 2025 | 4.12 |
| May 31, 2025 | 3.09 |
| Feb 28, 2025 | 3.95 |
| Nov 30, 2024 | 5.03 |
| Aug 31, 2024 | 2.38 |
| May 31, 2024 | 3.87 |
| Feb 29, 2024 | 4.29 |
| Nov 30, 2023 | 3.53 |
| Aug 31, 2023 | 5.00 |
| May 31, 2023 | 11.52 |
| Feb 28, 2023 | 3.51 |
| Nov 30, 2022 | 2.55 |
| Aug 31, 2022 | 2.86 |
| May 31, 2022 | 3.48 |
| Feb 28, 2022 | -69.96 |
| Nov 30, 2021 | -1,077.20 |
| Aug 31, 2021 | -645.03 |