Are You Overpaying For AppLovin Stock Versus Its Rivals?

Over the past year, AppLovin (APP) stock has lost more than half its value. The shares now trade at 20.0 times earnings. That valuation sits below Meta Platforms and Magnite, two of the three competitors in its peer group. Yet the company leads all four businesses on both revenue growth and operating margin. So what do you get for your money at AppLovin, set against its rivals.