Applovin looks cheaper on two of the three valuation measures in this snapshot. Palo Alto Networks has the lower price-to-book ratio, so the comparison is mixed rather than a clear value verdict.
Palo Alto Networks and Applovin are both in the Information Technology sector and Software & Services industry group, but their valuation figures differ. At the adjusted close on 2026-11-06, PANW was US$313.84, with a market cap of US$256.9B. APP closed at US$391.22, with a market cap of US$129.6B. Applovin has the lower P/E and PEG, while Palo Alto Networks has the lower P/B. For more company information, see the PANW stock page and APP stock page.
Investor takeaway: Applovin has the lower P/E and PEG, while Palo Alto Networks has the lower P/B. Neither company comes out ahead on all three measures. A lower multiple does not prove a stock is undervalued or will deliver better returns. These ratios are only part of the picture, and this snapshot does not explain why the companies trade at different valuations.
Stocks in this list
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Palo Alto Networks Inc
PANW.US
Information Technology
$313.84
$256.86B
1D
-0.26%
1W
-14.22%
Applovin Corp
APP.US
Information Technology
$391.22
$129.62B
1D
+9.86%
1W
+71.21%
APP has the lower P/E and PEG; PANW has the lower P/B
The snapshot lists PANW at 784.6 P/E, 1.60 PEG and 9.30 P/B. APP is listed at 26.3 P/E, 0.85 PEG and 39.29 P/B. Applovin has the lower figure on two of the three measures, while Palo Alto Networks has the lower P/B. That alone does not show that either stock is undervalued.
Bull case
Applovin is the cheaper-looking company on two measures, with a P/E of 26.3 and a PEG of 0.85. Its reported ROE TTM is 210.1%. Investors assessing its valuation and reported profitability may find those figures relevant, but they do not prove the shares are a bargain.
Bear case
Applovin’s P/B is 39.29, well above Palo Alto Networks’ 9.30. Its high ROE TTM does not change the need to consider what that higher book-value multiple means for your valuation assessment.
How the valuation measures compare
The supplied figures favour Applovin on P/E and PEG: its P/E is 26.3, compared with 784.6 for Palo Alto Networks, and its PEG is 0.85, compared with 1.60. P/B points the other way. PANW’s 9.30 is below APP’s 39.29. The comparison is split: Applovin has the lower figure on two measures, and Palo Alto Networks on one. A lower multiple is a relative comparison, not proof of undervaluation, stronger future performance or lower risk.
What else is in the snapshot
The companies also differ in market value and reported ROE TTM. PANW’s market cap is US$256.9B and its ROE TTM is 1.7%. APP’s market cap is US$129.6B and its ROE TTM is 210.1%. Both have a dividend yield of 0.00% and an analyst consensus label of Buy in our table. The listed analyst targets are US$400.00 for PANW and US$459.79 for APP. These figures add context, but they do not determine which stock offers better value.
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