Applied Digital (APLD) Price to Earnings (2021 - 2026)
Applied Digital's (APLD) quarterly Price to Earnings came in at 121.84 in Q2 2026, down 327.81% on a YoY basis from 53.48 in Q2 2025, and down 57.9% quarter-over-quarter from 77.16 in Q1 2026.
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Applied Digital (APLD) Price to Earnings (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported Price to Earnings for 6 consecutive years, with 121.84 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Earnings fell 327.81% year-over-year to 121.84; the trailing twelve-month figure through May 2026 stood at 54.41 (down 727.69% YoY), and the FY2026 full-year result was 54.39, down 727.35% from the prior year.
- Price to Earnings slipped to 121.84 in Q2 2026 per APLD's latest filing, from 77.16 in the prior quarter.
- Across five years, Price to Earnings topped out at 6.85 in Q4 2022 and bottomed at 396.35 in Q4 2025.
- Historically, Price to Earnings has averaged 84.81 across 5 years, with a median of 50.98 in 2025.
- The sharpest annual moves came in 2022 and 2025: Price to Earnings jumped 99.88% in 2022, then tumbled 2425.29% in 2025.
- Over 5 years, Price to Earnings stood at 6.85 in 2022, then plunged by 662.49% to 52.22 in 2023, then surged by 69.94% to 15.7 in 2024, then sank by 2425.29% to 396.35 in 2025, then soared by 69.26% to 121.84 in 2026.
- According to Business Quant data, Price to Earnings over the past three periods registered 121.84, 77.16, and 396.35 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 | -121.84 |
| Feb 28, 2026 | -77.16 |
| Nov 30, 2025 | -396.35 |
| Aug 31, 2025 | -232.59 |
| May 31, 2025 | -28.48 |
| Feb 28, 2025 | -49.73 |
| Nov 30, 2024 | -15.70 |
| Aug 31, 2024 | -133.92 |
| May 31, 2024 | -7.49 |
| Feb 29, 2024 | -8.08 |
| Nov 30, 2023 | -52.22 |
| Aug 31, 2023 | -55.80 |
| May 31, 2023 | -117.11 |
| Feb 28, 2023 | -34.10 |
| Nov 30, 2022 | -6.85 |
| Aug 31, 2022 | -47.22 |
| May 31, 2022 | -48.51 |
| Feb 28, 2022 | -93.45 |
| Nov 30, 2021 | -5,808.09 |
| Aug 31, 2021 | -34.32 |