Stock Analysis on Net

AppLovin Corp. (NASDAQ:APP)

$24.99

Price to Book Value (P/BV)
since 2021

Microsoft Excel

Calculation

AppLovin Corp., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of AppLovin Corp. Annual Report.


Share Price
The share price demonstrated significant volatility over the analyzed periods. It started at $44.55, declined to $13.50 in the subsequent year, then increased substantially to $58.99 before surging dramatically to $320.49. This pattern indicates high market fluctuations, with the latest period showing exceptional growth and investor optimism.
Book Value Per Share (BVPS)
BVPS displayed a consistent downward trend throughout the periods. Beginning at $5.69, it declined gradually to $5.05, then to $3.67, and finally to $3.21. This continuous decrease suggests diminishing net asset value per share, which could be indicative of asset write-downs, increased liabilities, or share issuance.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio experienced substantial fluctuations aligned with changes in share price and BVPS. It started at 7.83, decreased significantly to 2.67 in the second period, then rose sharply to 16.06 and further escalated dramatically to 99.97. The extreme increase in the final period reflects the combination of soaring share price and declining book value, pointing to a potentially overvalued stock relative to its accounting book value.

Comparison to Competitors

AppLovin Corp., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).


Comparison to Sector (Software & Services)

AppLovin Corp., P/BV, long-term trends, comparison to sector (software & services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).


Comparison to Industry (Information Technology)

AppLovin Corp., P/BV, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).