AppLovinAPP -0.40%93 Piotroski F-Score is 9 as of Jun. 24, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates APP with a GF Score™ of 93/100 and a GF Value™ of $489.12 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,015 Media - Diversified companies, AppLovin ranks better than 99.9% on this metric.
Good Sign:
Piotroski F-Score is 9, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AppLovin has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for AppLovin's Piotroski F-Score or its related term are showing as below:
APP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 9
During the past 7 years, the highest Piotroski F-Score of AppLovin was 9. The lowest was 4. And the median was 7.
AppLovin (NAS:APP) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
AppLovin Piotroski F-Score Related Terms
AppLovin Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for AppLovin's Piotroski F-Score 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.
APP vs OMC, TTD, MGNI: Piotroski F-Score Comparison
For the Advertising Agencies subindustry, AppLovin's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AppLovin's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where AppLovin's Piotroski F-Score falls into.
* 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 819.531 + 835.545 + 1102.269 + 1205.613 = $3,963 Mil. Cash Flow from Operations was 772.226 + 1053.422 + 1313.734 + 1291.393 = $4,431 Mil. Revenue was 1258.754 + 1405.045 + 1657.944 + 1842.449 = $6,164 Mil. Gross Profit was 1103.678 + 1230.19 + 1474.415 + 1638.817 = $5,447 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5706.701 + 5959.497 + 6343.035 + 7259.61 + 7707.705) / 5 = $6595.3096 Mil. Total Assets at the begining of this year (Mar25) was $5,707 Mil. Long-Term Debt & Capital Lease Obligation was $3,514 Mil. Total Current Assets was $4,848 Mil. Total Current Liabilities was $1,494 Mil.
Net Income was 309.969 + 434.42 + 599.218 + 576.419 = $1,920 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
AppLovin's current Net Income (TTM) was 3,963.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
AppLovin's gearing of this year was 0.53280622. AppLovin's gearing of last year was 0.63700719.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
AppLovin's current ratio of this year was 3.24386603. AppLovin's current ratio of last year was 1.67988482.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
AppLovin's number of shares in issue this year was 338.729. AppLovin's number of shares in issue last year was 344.878.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
AppLovin's gross margin of this year was 0.88366813. AppLovin's gross margin of last year was 0.85214549.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
AppLovin's asset turnover of this year was 1.08016733. AppLovin's asset turnover of last year was 0.7039715.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AppLovin has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
AppLovin (APP) has a Piotroski F-Score of 9 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AppLovin and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, AppLovin's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, AppLovin ranks #1 out of 1015 companies in the Media - Diversified industry, placing it in the top 0.099999999999994%.
Is AppLovin's Piotroski F-Score too high?
AppLovin's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Media - Diversified industry median Piotroski F-Score is 5.00. AppLovin's value of 9 is 80% above this industry median. Based on the distribution chart, AppLovin ranks #1 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, AppLovin has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AppLovin's Piotroski F-Score compare to OMC and TTD?
According to the Media - Diversified industry distribution chart, AppLovin ranks #1 out of 1015 companies for Piotroski F-Score. This places AppLovin in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. AppLovin's value of 9 is 80% above this benchmark. Historically, AppLovin's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, 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 Piotroski F-Score for a Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AppLovin's current Piotroski F-Score of 9 is 80% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AppLovin and its competitors. For the Media - Diversified industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AppLovin's current Piotroski F-Score is 9, which is 29% above median its own 10-year median of 7.00. 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 Fairly Valued. The stock's GF Value™ is $489.12, compared to a current price of $464.96 — trading 4.9% below its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Media - Diversified industry median of 5.00. AppLovin's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For AppLovin (APP), the current Piotroski F-Score is 9 as of Jun. 24, 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 $464.96 is trading 4.9% below its estimated GF Value™ of $489.12.
GuruFocus considers AppLovin to be Fairly Valued.
Key valuation signals for APP:
Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
GF Value™: $489.12 vs. price of $464.96 (4.9% below fair value)
Industry Position: 80% above the Media - Diversified median (#1 of 1015)
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.
93GF Score
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