Apollo Global Management, Inc.

NYSE:APO Stock Report

Market Cap: US$96.8b

Apollo Global Management Valuation

Is APO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of APO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APO ($171.03) is trading below our estimate of fair value ($227.16)

Significantly Below Fair Value: APO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APO?

Key metric: As APO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for APO. This is calculated by dividing APO's market cap by their current earnings.
What is APO's PE Ratio?
PE Ratio17.4x
EarningsUS$5.56b
Market CapUS$96.77b

Price to Earnings Ratio vs Peers

How does APO's PE Ratio compare to its peers?

The above table shows the PE ratio for APO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.2x
VOYA Voya Financial
9.9x16.4%US$6.5b
PYPL PayPal Holdings
19.7x6.2%US$87.4b
FI Fiserv
38.3x18.6%US$117.2b
SQ Block
52.8x27.6%US$55.6b
APO Apollo Global Management
17.4x6.3%US$96.8b

Price-To-Earnings vs Peers: APO is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (30.2x).

Price to Earnings Ratio vs Industry

How does APO's PE Ratio compare vs other companies in the US Diversified Financial Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FOA Finance of America Companies
1.5x-136.3%US$596.07m
PMIR PMI Group
0.09xn/aUS$518.61k
ACGX Alliance Creative Group
1.3xn/aUS$280.75k
No more companies available in this PE range
APO 17.4xIndustry Avg. 18.0xNo. of Companies12PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: APO is good value based on its Price-To-Earnings Ratio (17.4x) compared to the US Diversified Financial industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is APO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.4x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: APO is good value based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst APO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$171.03
US$182.82
+6.9%
11.1%US$230.00US$137.00n/a17
Dec ’25US$175.03
US$169.71
-3.0%
7.6%US$196.00US$137.00n/a17
Nov ’25US$141.00
US$146.38
+3.8%
7.8%US$165.00US$117.00n/a16
Oct ’25US$132.01
US$130.88
-0.9%
8.0%US$153.00US$111.00n/a16
Sep ’25US$115.73
US$127.29
+10.0%
8.0%US$153.00US$111.00n/a14
Aug ’25US$115.97
US$131.62
+13.5%
5.9%US$147.00US$118.00n/a13
Jul ’25US$118.74
US$125.62
+5.8%
7.0%US$146.00US$112.00n/a13
Jun ’25US$116.16
US$124.92
+7.5%
5.9%US$137.00US$112.00n/a13
May ’25US$107.77
US$123.31
+14.4%
5.8%US$137.00US$112.00n/a13
Apr ’25US$112.47
US$120.15
+6.8%
6.3%US$136.00US$108.00n/a13
Mar ’25US$111.01
US$118.29
+6.6%
4.7%US$127.00US$108.00n/a14
Feb ’25US$100.55
US$107.54
+7.0%
5.7%US$118.00US$97.00n/a13
Jan ’25US$93.19
US$101.00
+8.4%
7.4%US$112.00US$89.00n/a12
Dec ’24US$92.70
US$98.91
+6.7%
6.1%US$108.00US$89.00US$175.0311
Nov ’24US$83.65
US$98.92
+18.3%
5.3%US$106.00US$90.00US$141.0012
Oct ’24US$89.76
US$95.92
+6.9%
5.5%US$104.00US$88.00US$132.0113
Sep ’24US$86.44
US$94.54
+9.4%
5.8%US$104.00US$86.00US$115.7313
Aug ’24US$81.96
US$86.15
+5.1%
4.4%US$92.00US$78.00US$115.9713
Jul ’24US$76.81
US$78.31
+1.9%
8.7%US$86.00US$65.00US$118.7413
Jun ’24US$68.00
US$77.31
+13.7%
8.2%US$86.00US$65.00US$116.1613
May ’24US$63.72
US$75.17
+18.0%
7.8%US$86.00US$67.00US$107.7712
Apr ’24US$63.16
US$76.67
+21.4%
8.9%US$88.00US$67.00US$112.4712
Mar ’24US$71.94
US$77.92
+8.3%
8.7%US$88.00US$67.00US$111.0112
Feb ’24US$72.52
US$77.25
+6.5%
9.1%US$88.00US$67.00US$100.5512
Jan ’24US$63.79
US$72.58
+13.8%
13.5%US$88.00US$54.00US$93.1912
Dec ’23US$69.22
US$70.75
+2.2%
13.3%US$87.00US$54.00US$92.7012

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 03:53
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Apollo Global Management, Inc. is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Benjamin BudishBarclays
Roger FreemanBarclays