AppLovin (APP) Price to Book (2021 - 2026)
AppLovin's Price to Book was 54.62 in Q2 2026, down 46.3% from 101.62 a year earlier and down 3.6% from the prior quarter.
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Analysis
AppLovin (APP) Price to Book (2021 - 2026) Analysis & Trends
For FY2025, Price to Book at AppLovin came in at 106.79, up 5.7% from FY2024.
- Price to Book has now increased for three consecutive years.
- In earlier years, Price to Book was 101.04 in FY2024 (+837.2%), 10.78 in FY2023 (+421.0%), 2.07 in FY2022 (-87.5%) and 16.54 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Price to Book since Q3 2024.
- Compared with a year earlier, Price to Book was higher in six of the last eight quarters, with growth averaging 235.7%.
- The best year-over-year quarter for Price to Book over five years was Q1 2024 (growth of 872.6%); the worst was Q4 2022 (a decline of 87.5%).
- Per Business Quant data, APP's Price to Book in the three quarters before Q2 2026 was 56.63 (Q1 2026), 106.79 (Q4 2025) and 165.04 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,939.60 Bn | 3,697.12 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,653.27 Bn | 1,355.79 Bn | 49.47 Bn |
| 3 | Netflix | 275.33 Bn | 236.63 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 236.23 Bn | 58.44 Bn | 15.11 Bn |
| 5 | Shopify | 218.65 Bn | 195.83 Bn | 1.71 Bn |
| 6 | Uber Technologies | 140.84 Bn | 112.82 Bn | 6.38 Bn |
| 7 | Booking Holdings | 121.05 Bn | 54.10 Bn | - |
| 8 | Spotify Technology | 120.09 Bn | 77.01 Bn | 1.89 Bn |
| 9 | PDD Holdings | 112.69 Bn | -131.09 Bn | 9.45 Bn |
| 10 | AppLovin | 88.61 Bn | 78.64 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.62 |
| Mar 31, 2026 | 56.63 |
| Dec 31, 2025 | 106.79 |
| Sep 30, 2025 | 165.04 |
| Jun 30, 2025 | 101.62 |
| Mar 31, 2025 | 155.81 |
| Dec 31, 2024 | 101.04 |
| Sep 30, 2024 | 46.68 |
| Jun 30, 2024 | 34.13 |
| Mar 31, 2024 | 29.95 |
| Dec 31, 2023 | 10.78 |
| Sep 30, 2023 | 12.24 |
| Jun 30, 2023 | 5.91 |
| Mar 31, 2023 | 3.08 |
| Dec 31, 2022 | 2.07 |
| Sep 30, 2022 | 3.85 |
| Jun 30, 2022 | 6.74 |
| Mar 31, 2022 | 10.27 |
| Dec 31, 2021 | 16.54 |
| Sep 30, 2021 | 13.20 |
API Access
AppLovin Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();