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AppLovinAPP -3.78%94 EV-to-OCF is 31.44 as of Jul. 23, 2026, which is 22% below its 10-year median of 40.17. GuruFocus rates APP with a GF Score™ of 94/100 and a GF Value™ of $504.37 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,020 Media - Diversified companies, AppLovin ranks worse than 87.75% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, AppLovin's Enterprise Value is $139,324 Mil.
AppLovin's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $4,431 Mil. Therefore, AppLovin's EV-to-OCF for today is 31.44.
The historical rank and industry rank for AppLovin's EV-to-OCF or its related term are showing as below:
APP'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.77 Med: 40.17 Max: 139.98
Current: 31.44
During the past 7 years, the highest EV-to-OCF of AppLovin was 139.98. The lowest was 10.77. And the median was 40.17.
APP's EV-to-OCF is ranked worse than 87.75% of 1020
companies
in the Media - Diversified industry
Industry Median: 4.71
vs APP: 31.44
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
AppLovin's share price for today is $412.48.
AppLovin's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.640.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
AppLovin EV-to-OCF Related Terms
AppLovin EV-to-OCF Historical Data
* Premium members only.
The historical data trend for AppLovin's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Advertising Agencies subindustry, AppLovin's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AppLovin EV-to-OCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AppLovin's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where AppLovin's EV-to-OCF falls into.
AppLovin's current Enterprise Value is $139,324 Mil.
AppLovin's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,431 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AppLovin (APP) has a EV-to-OCF of 31.44 as of Jul. 23, 2026. This is 22% below median its historical median of 40.17. Over the past decade, AppLovin's EV-to-OCF has ranged from 10.77 to 139.98. According to the industry distribution chart, AppLovin ranks #895 out of 1020 companies in the Media - Diversified industry, placing it in the top 87.7%.
Is AppLovin's EV-to-OCF too high?
AppLovin's current EV-to-OCF of 31.44 is 22% below median its 10-year median of 40.17. Over the past 10 years, this metric has ranged from a low of 10.77 to a high of 139.98. The Media - Diversified industry median EV-to-OCF is 4.71. AppLovin's value of 31.44 is 567.5% above this industry median. Based on the distribution chart, AppLovin ranks #895 out of 1020 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, AppLovin has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AppLovin's EV-to-OCF compare to OMC and TTD?
According to the Media - Diversified industry distribution chart, AppLovin ranks #895 out of 1020 companies for EV-to-OCF. This places AppLovin in the lower half of its industry. The industry median EV-to-OCF is 4.71. AppLovin's value of 31.44 is 567.5% above this benchmark. Historically, AppLovin's own EV-to-OCF has ranged from 10.77 to 139.98 over the past decade. While the company's 10-year median is 40.17 vs. the industry median of 4.71, AppLovin has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Media - Diversified company?
The median EV-to-OCF among Media - Diversified companies is 4.71, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AppLovin's current EV-to-OCF of 31.44 is 567.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Media - Diversified industry, the median EV-to-OCF is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AppLovin's current EV-to-OCF is 31.44, which is 22% below median its own 10-year median of 40.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AppLovin stock overvalued right now?
Based on GuruFocus' analysis, AppLovin (APP) is currently considered Modestly Undervalued. The stock's GF Value™ is $504.37, compared to a current price of $412.48 — trading 18.2% below its estimated fair value. The current EV-to-OCF is 31.44, which is 22% below median its 10-year median of 40.17 and 567.5% above the Media - Diversified industry median of 4.71. AppLovin's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For AppLovin (APP), the current EV-to-OCF is 31.44 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AppLovin (APP) Overvalued in 2026?
Based on GuruFocus' analysis, AppLovin stock appears to be undervalued.
The current stock price of $412.48 is trading 18.2% below its estimated GF Value™ of $504.37.
GuruFocus considers AppLovin to be Modestly Undervalued.
Key valuation signals for APP:
EV-to-OCF: 31.44 (22% below median its 10-year median of 40.17)
GF Value™: $504.37 vs. price of $412.48 (18.2% below fair value)
Industry Position: 567.5% above the Media - Diversified median (#895 of 1020)
No single metric tells the full story. See the APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
94GF Score
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