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AppLovin (APP, Advertising) Stock Valuation & Fair Value Favorable on our tests

AppLovin (APP, Advertising) trades at a blended P/E of 18.8, about 69% below its historical normal valuation, with a forward growth estimate of 28.7% and a PEG of 0.65. Priced at its historical normal P/E of 60.4 on the same blended earnings, the 2026-10-02 close of $268.22 corresponds to about $863 a share. This is a valuation reference, not a price target.

Blended P/E
18.8
Normal P/E
60.4
PEG
0.65
Fwd growth
28.7%
Div yield
0.0%
RSI (14)
35.8
Neutral
Technical context
  • Price $280.12 at the 2026-10-08 close, 8.4% below the 20-day average ($305.96) and 12.7% below the 50-day ($320.71).
  • RSI (14) at 35.8.
  • 52-week range $268.22 to $733.60: the price is 61.8% below the high and 4.4% above the low.
  • At its last earnings report the options market priced a 12% move.

The Street vs SeerForecast

Wall Street's mean price target for APP is $497.05 across 31 analysts, 77.4% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: favorable on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from strong on our tests (2026-06-10) to favorable on our tests (2026-10-05). New rating rules took effect in the week of 2026-09-28, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

Blended P/E and rating by weekBlended P/E moved from 44.7 to 18.8 between 2026-06-10 and 2026-10-02, against a normal P/E of 60.4, with 1 rating change over 35 recorded weeks.2026-06-10: P/E 44.7, Strong on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 44.7, Strong on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 44.7, Strong on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 44.7, Strong on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 43.7, Strong on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 40.7, Strong on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 40.7, Strong on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 38.8, Strong on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 38.8, Strong on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 38.8, Strong on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 32.2, Strong on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 32.2, Strong on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 29.4, Strong on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 29.4, Strong on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 30.1, Strong on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 29.5, Strong on our tests, recorded live 2026-08-032026-08-07: P/E 25.0, Strong on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 25.8, Strong on our tests, recorded live 2026-08-102026-08-14: P/E 23.1, Strong on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 23.3, Strong on our tests, recorded live 2026-08-172026-08-21: P/E 22.4, Strong on our tests, recorded live 2026-08-242026-08-27: P/E 22.4, Strong on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 22.8, Strong on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 23.1, Strong on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 23.1, Strong on our tests, recorded live 2026-08-312026-09-04: P/E 23.1, Strong on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 23.1, Strong on our tests, recorded live 2026-09-072026-09-11: P/E 23.2, Strong on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 23.2, Strong on our tests, recorded live 2026-09-142026-09-18: P/E 21.9, Strong on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 21.9, Strong on our tests, recorded live 2026-09-212026-09-25: P/E 21.9, Strong on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 21.9, Favorable on our tests, recorded live 2026-09-282026-10-02: P/E 18.8, Favorable on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 18.8, Favorable on our tests, recorded live 2026-10-0520.040.060.0Jun 10Jul 8Aug 6Sep 4Oct 2Normal P/E 60.4
Strong on our testsFavorable on our testsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-10P/E 44.7-26%Strong on our tests (recalculated)
2026-09-28P/E 21.9-64%Favorable on our tests (across a rating rules change)
2026-10-03P/E 18.8-69%Favorable on our tests (recalculated)
2026-10-05P/E 18.8-69%Favorable on our tests ← now
Show all 35 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-10P/E 44.7-26%Strong on our tests (recalculated)
2026-06-14P/E 44.7-26%Strong on our tests (recalculated)
2026-06-16P/E 44.7-26%Strong on our tests (recalculated)
2026-06-21P/E 44.7-26%Strong on our tests (recalculated)
2026-07-02P/E 43.7-28%Strong on our tests (recalculated)
2026-07-06P/E 40.7-33%Strong on our tests (recalculated)
2026-07-09P/E 40.7-33%Strong on our tests (recalculated)
2026-07-12P/E 38.8-36%Strong on our tests (recalculated)
2026-07-13P/E 38.8-36%Strong on our tests (recalculated)
2026-07-14P/E 38.8-36%Strong on our tests (recalculated)
2026-07-20P/E 32.2-47%Strong on our tests (recalculated)
2026-07-22P/E 32.2-47%Strong on our tests (recalculated)
2026-07-25P/E 29.4-51%Strong on our tests (recalculated)
2026-07-27P/E 29.4-51%Strong on our tests (recalculated)
2026-07-31P/E 30.1-50%Strong on our tests (recalculated)
2026-08-03P/E 29.5-51%Strong on our tests
2026-08-07P/E 25.0-59%Strong on our tests (recalculated)
2026-08-10P/E 25.8-57%Strong on our tests
2026-08-14P/E 23.1-62%Strong on our tests (recalculated)
2026-08-17P/E 23.3-61%Strong on our tests
2026-08-24P/E 22.4-63%Strong on our tests
2026-08-27P/E 22.4-63%Strong on our tests (recalculated)
2026-08-28P/E 22.8-62%Strong on our tests (recalculated)
2026-08-30P/E 23.1-62%Strong on our tests (recalculated)
2026-08-31P/E 23.1-62%Strong on our tests
2026-09-05P/E 23.1-62%Strong on our tests (recalculated)
2026-09-07P/E 23.1-62%Strong on our tests
2026-09-12P/E 23.2-62%Strong on our tests (recalculated)
2026-09-14P/E 23.2-62%Strong on our tests
2026-09-19P/E 21.9-64%Strong on our tests (recalculated)
2026-09-21P/E 21.9-64%Strong on our tests
2026-09-26P/E 21.9-64%Strong on our tests (recalculated)
2026-09-28P/E 21.9-64%Favorable on our tests (across a rating rules change)
2026-10-03P/E 18.8-69%Favorable on our tests (recalculated)
2026-10-05P/E 18.8-69%Favorable on our tests ← now

Earnings moves: APP moved more than the options market implied in 1 of 1 recent tracked reports.

Frequently asked questions

Is AppLovin stock overvalued?

At a blended P/E of 18.8 versus its historical normal P/E of 60.4, AppLovin trades about 69% below its typical valuation, with a PEG of 0.65 on 28.7% forward growth. tickerseer currently rates it favorable on our tests.

What is AppLovin's fair value and PEG?

AppLovin trades at a blended P/E of 18.8 against a historical normal P/E of 60.4, a PEG of 0.65, and a forward growth estimate of 28.7%. Priced at its historical normal P/E of 60.4 on the same blended earnings, the 2026-10-02 close of $268.22 corresponds to about $863 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of AppLovin changed?

tickerseer's rating moved from strong on our tests (2026-06-10) to favorable on our tests (2026-10-05). New rating rules took effect in the week of 2026-09-28, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

What is the analyst price target for AppLovin?

The mean Wall Street price target for AppLovin is $497.05 across 31 analysts, 77.4% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Advertising. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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