APP
StockAppLovin Corporation
One email when a drop — in price or in valuation — is historically rare for APP. Otherwise we stay quiet.
Rare — pay attention.
AppLovin Corporation is 38.3% off its high, 202 days in — deeper than the vast majority of its 25 recorded drawdowns. This is the kind of decline the severity score exists to flag.
But down is not the same as cheap: AppLovin Corporation's P/S Severity Score is 0.0 — its valuation sits in or above its typical range.
Strong
Current Drawdown
-38.3%
Days in Drawdown
202
Avg Max Drawdown
12.7%
Avg Length
65
Drawdown Severity Score™
5.8
APP - Price & High Water Mark
APP - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of July 12, 2026 · updated daily
Where today's valuation sits within APP's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
AppLovin Corporation has been cheaper on this measure only about 77% of the time in 5 years of daily history.
Price to Sales history
EV to EBITDA
AppLovin Corporation has been cheaper on this measure only about 54% of the time in 5 years of daily history.
EV to EBITDA history · log scale
AppLovin Corporation (APP) Analysis: Current Drawdown Insights
AppLovin Corporation is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-15, the stock is trading at $452.73, which represents a 38.3% decline from its all-time high of $733.60. This drawdown has persisted for 202 days.
Based on its full tracked price history, AppLovin Corporation typically experiences drawdowns averaging 12.7% in depth, with an average duration of 65 days. AppLovin Corporation has gone through 25 total drawdown events in its tracked history. The largest drawdown on record for AppLovin Corporation was 91.9%, beginning in 2021. The longest drawdown duration on record was 1039 days.
The Drawdown Severity Score™ for AppLovin Corporation currently stands at 5.80. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing AppLovin Corporation's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 25 tracked pullbacks (25 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2025-12-25 | Ongoing | 202 days | -38.3% | $733.60 | $452.73 | n/a |
| 2025-12-10 | 2025-12-22 | 13 days | -9.3% | $724.62 | $657.13 | $733.60 |
| 2025-10-01 | 2025-12-09 | 70 days | -27.6% | $718.54 | $520.26 | $724.62 |
| 2025-09-24 | 2025-09-26 | 3 days | -1.7% | $651.18 | $639.91 | $669.86 |
| 2025-09-22 | 2025-09-23 | 2 days | -0.9% | $649.59 | $643.50 | $651.18 |
| 2025-02-18 | 2025-09-08 | 202 days | -57.0% | $510.13 | $219.37 | $547.04 |
| 2024-12-09 | 2025-02-13 | 67 days | -22.0% | $401.50 | $313.07 | $471.67 |
| 2024-11-25 | 2024-11-29 | 5 days | -4.1% | $333.31 | $319.59 | $336.75 |
| 2024-11-21 | 2024-11-22 | 2 days | -2.1% | $325.22 | $318.24 | $333.31 |
| 2024-11-11 | 2024-11-15 | 5 days | -2.1% | $290.01 | $283.96 | $291.09 |
| 2024-10-30 | 2024-11-07 | 9 days | -7.6% | $172.24 | $159.11 | $246.53 |
| 2024-10-24 | 2024-10-25 | 2 days | -0.3% | $159.40 | $159.00 | $161.63 |
| 2024-10-14 | 2024-10-21 | 8 days | -2.7% | $147.00 | $143.00 | $158.85 |
| 2024-10-09 | 2024-10-10 | 2 days | -0.1% | $143.51 | $143.40 | $144.84 |
| 2024-09-26 | 2024-10-02 | 7 days | -2.3% | $130.71 | $127.75 | $131.36 |
| 2024-09-18 | 2024-09-19 | 2 days | -0.4% | $123.64 | $123.16 | $124.00 |
| 2021-11-12 | 2024-09-16 | 1039 days | -91.9% | $114.85 | $9.30 | $116.25 |
| 2021-11-10 | 2021-11-11 | 2 days | -7.6% | $103.57 | $95.73 | $114.85 |
| 2021-11-02 | 2021-11-08 | 7 days | -1.1% | $99.49 | $98.36 | $99.64 |
| 2021-10-22 | 2021-10-28 | 7 days | -2.8% | $96.30 | $93.56 | $97.90 |
| 2021-10-20 | 2021-10-21 | 2 days | -2.4% | $95.66 | $93.33 | $96.30 |
| 2021-06-18 | 2021-10-14 | 119 days | -36.7% | $88.22 | $55.88 | $90.79 |
| 2021-06-14 | 2021-06-16 | 3 days | -0.9% | $82.42 | $81.65 | $85.81 |
| 2021-06-01 | 2021-06-04 | 4 days | -7.3% | $74.31 | $68.86 | $74.36 |
| 2021-05-25 | 2021-05-28 | 4 days | -2.4% | $70.31 | $68.62 | $74.31 |
| 2021-04-16 | 2021-05-20 | 35 days | -23.5% | $65.20 | $49.87 | $67.90 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
AppLovin Corporation (APP) is trading at $452.73 as of Jul 15, 2026. It is 38.3% below its high of $733.60. The drawdown has lasted 202 days. Severity score: 5.8 (Strong).
APP Price History and Drawdown Data
Latest price
$452.73
High-water mark
$733.60
Current drawdown
-38.3%
Days in drawdown
202
This APP page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior AppLovin Corporation drawdowns.
What History Says About APP
AppLovin Corporation has dropped 5%+ from its high 10 times in its tracked history. These events lasted an average of 156 days with an average max drop of -29.1%.
The current drawdown of -38.3% has lasted 202 days, which is 1.3x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Nov 2021 to Sep 2024 | -91.9% | 1039 days |
| Feb 2025 to Sep 2025 | -57.0% | 202 days |
| Jun 2021 to Oct 2021 | -36.7% | 119 days |
| Oct 2025 to Dec 2025 | -27.6% | 70 days |
| Apr 2021 to May 2021 | -23.5% | 35 days |
| Dec 2024 to Feb 2025 | -22.0% | 67 days |
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