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Apollo Global Management LLC Class A (APO) Fair Value & Analysis

Financial Services · US · Market cap $69.5B · ISIN US03769M1062

What is Apollo Global Management LLC Class A really worth?

AG Apollo Global Management LLC Class A logo Apollo Global Management LLC Class A APO · US
Price$134.49
Fair Value$101.04
Upside−24.9%
Quality53/100

A solid business, but trading 33% above our fair value of $101.04.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +66.7 %/yr)
!Thin margins · 3.7% net margin
!Trails peers (4/15)
!Moderate moat 52/100
!The models disagree: range $75.78 to $212.06

For context

·1.56% dividend yield
Evidence: High Range $75.78 – $212.06

Fair value as of: Aug 31, 2026

From 12 valuation models · updated 5 days ago

Share price +1.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide ($75.78 to $212.06). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

$174.68 $43.51 Fair Value $101.04 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range $43.51 – $174.68 · fair‑value band $75.78 – $212.06 · the $134.49 price screens above the $101.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.

Full chart & analysis →

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Analysis

Apollo Global Management LLC Class A (APO) currently trades at $134.49, while our model-based Fair Value estimate is $101.04, implying the stock looks roughly 33.1% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of $272.04 per share, and 6 of the 12 models we run sit above the $134.49 price. Bear case: the Asset-Based group reads lowest at $27.13, and 6 of the 12 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Apollo Global Management LLC Class A generated revenue of $31.3B at a net margin of 3.7%. Revenue declined 9.2% year over year. It earns a return on equity of 8.5%. The balance sheet holds a net cash position of $5.9B. Fundamentals as of Aug 31, 2026

Our scenario range runs from $75.78 (bear case) to $212.06 (bull case); at $134.49, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −25%, APO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF best evidence $214.81 $416.33 $746.56 73
Rev-Margin DCF $140.74 $228.45 $413.19 68
5Y P/E Exit $126.98 $238.69 $385.37 66
All 12 models by family
DCF Models
5Y P/E Exit $126.98 $238.69 $385.37 66
10Y P/E Exit $158.31 $290.62 $495.23 60
Earnings-Based
Graham-Dodd $52.85 $368.59 $517.26 61
Lynch FV $190.43 $272.04 $353.65 59
Dividend Discount
Gordon GGM $20.67 $42.98 $68.19 64
DDM Multi-Stage $20.67 $36.24 $45.11 64
Multiples
P/E Multiple $75.78 $101.04 $126.30 63
P/B Multiple $42.51 $56.68 $70.85 55
Asset-Based
NCAV (Graham) $20.24 $27.13 $40.49 54
Growth DCF
Growth DCF best evidence $214.81 $416.33 $746.56 73
Rev-Margin DCF $140.74 $228.45 $413.19 68
Economic Profit
Residual Income $51.88 $69.21 $290.34 61

Widest divergence: Earnings-Based ($272.04) versus Asset-Based ($27.13). Highest evidence: Growth DCF (73).

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Key figures & financial health

P/E ratio 84.6
P/S ratio 12.5 P/E × margin
EPS (TTM) $1.59 price ÷ EPS = P/E 84.6
Dividend yield 1.6% payout 132%
Net margin 14.8% FY2025
Return on equity 8.5% TTM
More key figures
Profitability
Return on assets (EBIT) 2.6% avg 5y
Operating margin 13.5% TTM
Growth
Revenue (TTM) $31.3B TTM
Revenue growth (YoY) −9.2% 3y avg +40.3%
EPS growth (YoY) −57.3%
Balance sheet & cash flow
Free cash flow $7.5B FY2025
Net cash $5.9B FY2025

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 49 · Market factors (momentum, volatility) 47

Profitability 34
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets.

Full company description

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. For credit strategies, the firm focuses to invest in multi-sector credit, semi-liquid credit, direct lending, first lien, unitranche, whole loans and private credit. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It also focuses on clean energy, sustainable industry, climate solutions, energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. It seeks to invest in companies based in across Africa, Asia, North

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Apollo Global Management LLC Class A reported revenue of $30.3B in FY2025 versus $6.0B in FY2021, a compound +50.2%/yr. Reported net income was $4.5B in FY2025, compounding +24.9%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$30.3B
Latest YoY
+16.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+40.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+66.7%
Avg. revenue growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+15.4% (13.8 + 1.6)
Revenue +50.2%/yr
FY21 $6.0B
FY22 $11.0B
FY23 $32.6B
FY24 $26.1B
FY25 $30.3B
Net income +24.9%/yr
FY21 $1.8B
FY22 $2.0B
FY23 $5.0B
FY24 $4.4B
FY25 $4.5B
Character of growth · EPS growth decomposed (2014-2025) +22.0 % p.a.
Revenue per share +20.7 %

of which total revenue +38.7 % · buybacks/dilution −13.0 %

EBIT margin −3.5 %
Tax rate +3.1 %
Residual (interest, one-offs) +1.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

APO screens 33% overvalued. Compare with Blackstone Inc →

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Cite: Fair Value Calculator (2026). "Apollo Global Management LLC Class A Fair Value". https://www.fairvalue-calculator.com/stock/APO

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Asset Management · 697 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −25% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 13% · Below median
Revenue growth −9% · Below median
Dividend yield (TTM) 1.6% · Bottom 25%
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 84.6× · Pricier than 75% of peers
P/B 2.98× · Pricier than 75% of peers
P/S (TTM) 2.22× · Cheaper than median
P/FCF 9.3× · Pricier than median
EV/EBITDA 6.1× · Cheaper than median
PEG 0.55× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 40
FUTURE0 · sector 14
PAST34 · sector 24
HEALTH71 · sector 95
DIVIDEND31 · sector 81

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%
T. Rowe Price Group TROW $111.24 $126.63 +14%

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Frequently asked questions

Is Apollo Global Management LLC Class A (APO) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of $101.04 versus a price of $134.49, about −25% upside (overvalued).
What is the fair value of APO?
Our model-based fair value for Apollo Global Management LLC Class A is $101.04 (as of Aug 31, 2026), built from audited fundamentals. The current price: $134.49.
What is the quality score of APO?
Apollo Global Management LLC Class A has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Apollo Global Management LLC Class A (APO)?
Apollo Global Management LLC Class A reported trailing-twelve-month revenue of about $31.3B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of APO?
The net profit margin of Apollo Global Management LLC Class A is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Apollo Global Management LLC Class A pay a dividend?
Apollo Global Management LLC Class A currently shows a dividend yield of about 1.56% relative to its recent price (as of Aug 31, 2026).
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