AppLovinXSWX:APP 94 Graham Number is CHF18.99 as of Mar. 2026, which is 100% below its 10-year median of 39.74. GuruFocus rates XSWX:APP with a GF Score™ of 94/100 and a GF Value™ of CHF428.69. The stock has 1 warning sign investors should review. Among 491 Media - Diversified companies, AppLovin ranks worse than 99.59% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-03), the stock price of AppLovin is CHF443.20. AppLovin's graham number for the quarter that ended in Mar. 2026 was CHF18.99. Therefore, AppLovin's Price to Graham Number ratio for today is 23.34.
The historical rank and industry rank for AppLovin's Graham Number or its related term are showing as below:
During the past 7 years, the highest Price to Graham Number ratio of AppLovin was 58.59. The lowest was 20.89. And the median was 39.74.
XSWX:APP's Price-to-Graham-Number is not ranked *
in the Media - Diversified industry.
Industry Median: 1.22 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
AppLovin (XSWX:APP) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
AppLovin's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
443.20
/
18.99
=
23.34
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
AppLovin Graham Number Related Terms
AppLovin Graham Number Historical Data
* Premium members only.
The historical data trend for AppLovin's Graham Number 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 Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AppLovin's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where AppLovin's Price-to-Graham-Number 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.
AppLovin (XSWX:APP) has a Graham Number of CHF18.99 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on AppLovin and its competitors. This is 52% below median its historical median of 39.74. Over the past decade, AppLovin's Graham Number has ranged from 20.89 to 58.59. According to the industry distribution chart, AppLovin ranks #489 out of 491 companies in the Media - Diversified industry, placing it in the top 99.6%.
Is AppLovin's Graham Number too high?
AppLovin's current Graham Number of CHF18.99 is 52% below median its 10-year median of 39.74. Over the past 10 years, this metric has ranged from a low of 20.89 to a high of 58.59. Based on the distribution chart, AppLovin ranks #489 out of 491 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, AppLovin has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does AppLovin's Graham Number compare to ?
According to the Media - Diversified industry distribution chart, AppLovin ranks #489 out of 491 companies for Graham Number. This places AppLovin in the lower half of its industry. The industry median Graham Number is 1.22. Historically, AppLovin's own Graham Number has ranged from 20.89 to 58.59 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Media - Diversified company?
The median Graham Number among Media - Diversified companies is 1.22, based on 491 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on AppLovin and its competitors. For the Media - Diversified industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AppLovin's current Graham Number is CHF18.99, which is 52% below median its own 10-year median of 39.74. 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?
AppLovin (XSWX:APP) has a current Graham Number of CHF18.99. The stock's GF Value™ is CHF428.69, compared to a current price of CHF443.20 — trading 3.4% above its estimated fair value. The current Graham Number is CHF18.99, which is 52% below median its 10-year median of 39.74. 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 Graham Number calculated?
Graham Number is calculated from a company's financial statements. For AppLovin (XSWX:APP), the current Graham Number is CHF18.99 as of Mar. 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 (XSWX:APP) Overvalued in 2026?
Based on GuruFocus' analysis, AppLovin stock appears to be overvalued.
The current stock price of CHF443.20 is trading 3.4% above its estimated GF Value™ of CHF428.69.
Key valuation signals for XSWX:APP:
Graham Number: CHF18.99 (52% below median its 10-year median of 39.74)
GF Value™: CHF428.69 vs. price of CHF443.20 (3.4% above fair value)
No single metric tells the full story. See the XSWX: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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