In the current session, the stock is trading at $44.00, after a 1.59% spike. Over the past month, AppLovin Inc. (NASDAQ:APP) stock increased by 7.46%, and in the past year, by 247.90%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
A Look at AppLovin P/E Relative to Its Competitors
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's ...