Applied Digital (XSWX:APLD) Intrinsic Value: Projected FCF: CHF-12.96 (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:APLD Applied Digital Corp XSWX:APLD
48 GF Score
Price CHF23.67
GF Value CHF17.05
! 7 Warning Signs
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What is Applied Digital Intrinsic Value: Projected FCF?

Applied Digital XSWX:APLD -4.90% 48 Intrinsic Value: Projected FCF is CHF-12.96 as of Aug. 19, 2026. GuruFocus rates XSWX:APLD with a GF Score™ of 48/100 and a GF Value™ of CHF17.05. The stock has 7 warning signs investors should review. Among 1,461 Software companies, Applied Digital ranks worse than 68446.2% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-19), Applied Digital's Intrinsic Value: Projected FCF is CHF-12.96. The stock price of Applied Digital is CHF23.665. Therefore, Applied Digital's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Applied Digital's Intrinsic Value: Projected FCF or its related term are showing as below:

XSWX:APLD's Price-to-Projected-FCF is not ranked *
in the Software industry.
Industry Median: 1.42
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Applied Digital  (XSWX:APLD) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Applied Digital's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=23.665/-12.851041295657
=

* 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.


Applied Digital Intrinsic Value: Projected FCF Related Terms


Applied Digital Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Applied Digital's Intrinsic Value: Projected FCF 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.

Applied Digital Intrinsic Value: Projected FCF Chart

Applied Digital Annual Data
Trend May06 May07 May08 May20 May21 May22 May23 May24 May25 May26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Applied Digital Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

XSWX:APLD vs INGM, GDS, PSN: Intrinsic Value: Projected FCF Comparison

For the Information Technology Services subindustry, Applied Digital's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


Applied Digital Price-to-Projected-FCF vs Software Industry

For the Software industry and Technology sector, Applied Digital's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Applied Digital's Price-to-Projected-FCF falls into.


XSWX:APLD
48GF Score
Applied Digital Corp XSWX:APLD
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Digital Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Applied Digital's Free Cash Flow(6 year avg) = CHF-498.80.

Applied Digital's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (May26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-498.80304+1345.471*0.8)/285.767
=-12.85

* 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.

What does a Intrinsic Value: Projected FCF of CHF-12.96 mean?
Applied Digital (XSWX:APLD) has a Intrinsic Value: Projected FCF of CHF-12.96 as of Aug. 19, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Applied Digital and its competitors. According to the industry distribution chart, Applied Digital ranks #999999 out of 1461 companies in the Software industry.
Is Applied Digital's Intrinsic Value: Projected FCF too high?
Applied Digital's current Intrinsic Value: Projected FCF is CHF-12.96. Based on the distribution chart, Applied Digital ranks #999999 out of 1461 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Applied Digital has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's Intrinsic Value: Projected FCF compare to INGM and GDS?
According to the Software industry distribution chart, Applied Digital ranks #999999 out of 1461 companies for Intrinsic Value: Projected FCF. This places Applied Digital in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Software company?
The median Intrinsic Value: Projected FCF among Software companies is 1.42, based on 1,461 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Applied Digital and its competitors. For the Software industry, the median Intrinsic Value: Projected FCF is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Digital's current Intrinsic Value: Projected FCF is CHF-12.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Applied Digital (XSWX:APLD) has a current Intrinsic Value: Projected FCF of CHF-12.96. The stock's GF Value™ is CHF17.05, compared to a current price of CHF23.67 — trading 38.8% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF-12.96. Applied Digital's overall GF Score™ is 48/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Applied Digital (XSWX:APLD), the current Intrinsic Value: Projected FCF is CHF-12.96 as of Aug. 19, 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 Applied Digital (XSWX:APLD) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued. The current stock price of CHF23.67 is trading 38.8% above its estimated GF Value™ of CHF17.05.

Key valuation signals for XSWX:APLD:

  • Intrinsic Value: Projected FCF: CHF-12.96
  • GF Value™: CHF17.05 vs. price of CHF23.67 (38.8% above fair value)
  • GF Score™: 48/100 with 7 warning signs

No single metric tells the full story. See the XSWX:APLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Digital Business Description

Address 3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
48GF Score

Get the complete analysis for XSWX:APLD

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF23.67
Price
CHF17.05
GF Value