Stock fact sheet · data as of
AppLovin Corporation (APP): fair value, margin of safety and Wheel Score
Ticker symbol APP · Technology · Software - Application · United States · Class A common stock · Growth
APP is AppLovin Corporation's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is APP undervalued?
At 271.75 (close of 5 Nov 2026), APP trades 30% under the GLS average fair value of 385.84. 4 of the 8 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS scan; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between Graham Number (57.82) and GLS Growth (919.94). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, APP is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 33, growth score 90, out of 100).
Nine valuation models for APP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 120.31 | -56% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 57.82 | -79% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 635.33 | +134% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 261.02 | -4% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 919.94 | +239% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 347.62 | +28% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 577.68 | +113% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 166.96 | -39% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2.07 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 490.00 | +80% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
AppLovin Corporation scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability APP scores 6.8/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are high - ROIC 58.7%, ROE 156.2%, ROA 45.9% - with debt at 1.66 times equity and a free-cash-flow yield of 5.3%.
AppLovin Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Reportable 100% (quarter Q2 FY2026).
Institutional ownership scores 8/10, insider activity 1/10 and Congressional trading 8/10 on the GLS smart-money scales; the last recorded Congressional buy was on 25 Sep 2026.
| Piotroski F-score | 7 / 9 | ROIC | 58.7% |
|---|---|---|---|
| GLS Moat | 6.8 / 10 | ROE | 156.2% |
| Debt / equity | 1.66 | ROA | 45.9% |
| Free-cash-flow yield | 5.3% | Payout ratio | 0% |
| Institutions | 8 / 10 | Insiders · Congress | 1 · 8 / 10 |
Wheel Score 44: Weak
With a Wheel Score of 44 AppLovin Corporation sits in the Weak band. It fails filter 7, a premium worth selling - implied volatility 145% (over 80%); Premium (weak) is its weakest part.
Implied volatility is 145%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 171,796 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 12.7M shares a day on a market cap of $91.3B, with a beta of 2.51 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 145% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 30% below fair value | |
| Premium | Weak | implied volatility 145% | |
| Moat | Good | moat 6.8/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Strong | 73,008 contracts a day, 171,796 open interest | |
| Stability | Fair | beta 2.51, $91.3B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for APP in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to AppLovin Corporation by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CDNS Cadence Design Systems, Inc. | 329.52 | 111.33 | -196% | 45Weak | $90.4B |
| INTU Intuit Inc. | 356.64 | 406.72 | +12% | 85Prime | $95.3B |
| ADBE Adobe Inc. | 248.48 | 361.15 | +31% | 95Prime | $96.7B |
| SNOW Snowflake Inc. | 290.60 | 70.56 | -312% | 35Weak | $102.5B |
| NOW ServiceNow, Inc. | 108.81 | 71.15 | -53% | 44Weak | $112.9B |
| ADP Automatic Data Processing, Inc. | 303.54 | 211.37 | -44% | 43Weak | $119.8B |
| DDOG Datadog, Inc. | 188.72 | 33.55 | -462% | 41Weak | $67.8B |
| UBER Uber Technologies, Inc. | 69.87 | 82.94 | +16% | 81Good | $142.7B |
| MSTR Strategy Inc | 142.54 | - | - | 28Weak | $57.4B |
| ADSK Autodesk, Inc. | 270.09 | 213.31 | -27% | 47Weak | $56.4B |
| VEEV Veeva Systems Inc. | 310.63 | 179.19 | -73% | 44Weak | $50.3B |
| ROP Roper Technologies, Inc. | 492.22 | 630.67 | +22% | 49Weak | $48.7B |
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Start free See the Sunday ScanQuestions about APP
What kind of share is APP?
APP is AppLovin Corporation's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is APP undervalued right now?
By the GLS models, moderately: at 271.75 the stock trades 30% below the average fair value of 385.84 (data as of 5 Nov 2026).
What is the Wheel Score of APP and what does it mean?
APP scores 44 out of 100 (Weak) - it fails Wheel Trade Filter 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for APP?
385.84 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does AppLovin Corporation report earnings next?
No upcoming earnings date is recorded for APP in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does APP have listed options, and how liquid are they?
Yes. The nightly snapshot found 780 listed contracts with 171,796 open interest across all expiries and implied volatility of 145% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.