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Apollo Global ManagementAPO +2.08%77 Intrinsic Value: Projected FCF is $119.70 as of Aug. 22, 2026, which is 6663% above its 10-year median of 1.77. GuruFocus rates APO with a GF Score™ of 77/100 and a GF Value™ of $134.01 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,208 Asset Management companies, Apollo Global Management ranks worse than 60.43% 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.
The historical rank and industry rank for Apollo Global Management's Intrinsic Value: Projected FCF or its related term are showing as below:
APO'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.68 Med: 1.77 Max: 5.36
Current: 1.11
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Apollo Global Management was 5.36. The lowest was 0.68. And the median was 1.77.
APO's Price-to-Projected-FCF is ranked worse than 60.43% of 1208
companies
in the Asset Management industry
Industry Median: 0.91
vs APO: 1.11
Apollo Global Management (NYSE:APO) 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.
Apollo Global Management's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
132.69
/
119.70243796953
=
1.11
* 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.
Apollo Global Management Intrinsic Value: Projected FCF Related Terms
Apollo Global Management Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Apollo Global Management'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.
Apollo Global Management Intrinsic Value: Projected FCF Chart
APO vs KKR, STT, AMP: Intrinsic Value: Projected FCF Comparison
For the Asset Management subindustry, Apollo Global Management'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.
Apollo Global Management Price-to-Projected-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Apollo Global Management's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Apollo Global Management's Price-to-Projected-FCF falls into.
Apollo Global Management 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.
* 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 $119.70 mean?
Apollo Global Management (APO) has a Intrinsic Value: Projected FCF of $119.70 as of Aug. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Apollo Global Management and its competitors. This is 6663% above median its historical median of 1.77. Over the past decade, Apollo Global Management's Intrinsic Value: Projected FCF has ranged from 0.68 to 5.36. According to the industry distribution chart, Apollo Global Management ranks #730 out of 1208 companies in the Asset Management industry, placing it in the top 60.4%.
Is Apollo Global Management's Intrinsic Value: Projected FCF too high?
Apollo Global Management's current Intrinsic Value: Projected FCF of $119.70 is 6663% above median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 5.36. The Asset Management industry median Intrinsic Value: Projected FCF is 0.91. Apollo Global Management's value of $119.70 is 13053.8% above this industry median. Based on the distribution chart, Apollo Global Management ranks #730 out of 1208 companies in the Asset Management industry, which is below the industry midpoint. Overall, Apollo Global Management has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's Intrinsic Value: Projected FCF compare to KKR and STT?
According to the Asset Management industry distribution chart, Apollo Global Management ranks #730 out of 1208 companies for Intrinsic Value: Projected FCF. This places Apollo Global Management in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.91. Apollo Global Management's value of $119.70 is 13053.8% above this benchmark. Historically, Apollo Global Management's own Intrinsic Value: Projected FCF has ranged from 0.68 to 5.36 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 0.91, Apollo Global Management 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 Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.91, based on 1,208 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. Apollo Global Management's current Intrinsic Value: Projected FCF of $119.70 is 13053.8% 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 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 Apollo Global Management and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Global Management's current Intrinsic Value: Projected FCF is $119.70, which is 6663% above median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Global Management stock overvalued right now?
Based on GuruFocus' analysis, Apollo Global Management (APO) is currently considered Fairly Valued. The stock's GF Value™ is $134.01, compared to a current price of $132.69 — trading 1% below its estimated fair value. The current Intrinsic Value: Projected FCF is $119.70, which is 6663% above median its 10-year median of 1.77 and 13053.8% above the Asset Management industry median of 0.91. Apollo Global Management's overall GF Score™ is 77/100 with 5 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 Apollo Global Management (APO), the current Intrinsic Value: Projected FCF is $119.70 as of Aug. 22, 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 Apollo Global Management (APO) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Global Management stock appears to be undervalued.
The current stock price of $132.69 is trading 1% below its estimated GF Value™ of $134.01.
GuruFocus considers Apollo Global Management to be Fairly Valued.
Key valuation signals for APO:
Intrinsic Value: Projected FCF: $119.70 (6663% above median its 10-year median of 1.77)
GF Value™: $134.01 vs. price of $132.69 (1% below fair value)
Industry Position: 13053.8% above the Asset Management median (#730 of 1208)
No single metric tells the full story. See the APO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
77GF Score
Get the complete analysis for APO
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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