APP (AppLovin) Property, Plant and Equipment: $115 Mil (As of Mar. 2026)


APP AppLovin Corp APP
93 GF Score
Price $477.08
GF Value $490.09
Valuation Fairly Valued
! 1 Warning Sign
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What is AppLovin Property, Plant and Equipment?

AppLovin APP +6.99% 93 Property, Plant and Equipment is $115 Mil as of Mar. 2026. GuruFocus rates APP with a GF Score™ of 93/100 and a GF Value™ of $490.09 (Fairly Valued). The stock has 1 warning sign investors should review.

AppLovin's quarterly net PPE increased from Sep. 2025 ($131 Mil) to Dec. 2025 ($148 Mil) but then declined from Dec. 2025 ($148 Mil) to Mar. 2026 ($115 Mil).

AppLovin's annual net PPE declined from Dec. 2023 ($222 Mil) to Dec. 2024 ($196 Mil) and declined from Dec. 2024 ($196 Mil) to Dec. 2025 ($148 Mil).


AppLovin  (NAS:APP) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


AppLovin Property, Plant and Equipment Related Terms


AppLovin Property, Plant and Equipment Historical Data

* Premium members only.

The historical data trend for AppLovin's Property, Plant and Equipment 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.

AppLovin Property, Plant and Equipment Chart

AppLovin Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Property, Plant and Equipment
Get a 7-Day Free Trial 134.58 138.92 221.54 196.44 147.90

AppLovin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Property, Plant and Equipment 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 161.66 129.60 130.82 147.90 114.82
APP
93GF Score
AppLovin Corp APP
Property, Plant and Equipment is just one metric. See GF Score™, valuation, warning signs, and more.
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AppLovin Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

What does a Property, Plant and Equipment of $115 Mil mean?
AppLovin (APP) has a Property, Plant and Equipment of $115 Mil as of Mar. 2026. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on AppLovin and its competitors.
Is AppLovin's Property, Plant and Equipment too high?
AppLovin's current Property, Plant and Equipment is $115 Mil. 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 Property, Plant and Equipment compare to OMC and TTD?
AppLovin's Property, Plant and Equipment of $115 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Property, Plant and Equipment for a Media - Diversified company?
A good Property, Plant and Equipment depends on the Media - Diversified industry context. However, Property, Plant and Equipment 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 Property, Plant and Equipment mean?
A high Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on AppLovin and its competitors. AppLovin's current Property, Plant and Equipment is $115 Mil. 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 $490.09, compared to a current price of $477.08 — trading 2.7% below its estimated fair value. The current Property, Plant and Equipment is $115 Mil. 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 Property, Plant and Equipment calculated?
Property, Plant and Equipment is calculated from a company's financial statements. For AppLovin (APP), the current Property, Plant and Equipment is $115 Mil 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 (APP) Overvalued in 2026?

Based on GuruFocus' analysis, AppLovin stock appears to be undervalued. The current stock price of $477.08 is trading 2.7% below its estimated GF Value™ of $490.09. GuruFocus considers AppLovin to be Fairly Valued.

Key valuation signals for APP:

  • Property, Plant and Equipment: $115 Mil
  • GF Value™: $490.09 vs. price of $477.08 (2.7% below fair value)
  • GF Score™: 93/100 with 1 warning sign

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 Business Description

Address 1100 Page Mill Road, Palo Alto, CA, USA, 94304
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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Property, Plant and Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$477.08
Price
$490.09
GF Value