Apollo Global Management LLC Class A (APO) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Apollo Global Management LLC Class A stock $196, price $115, upside +70.7%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range $43.32 – $173.95 · fair‑value band $73.98 – $324.27 · the $114.83 price screens below the $196.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 22, 2026.
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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.
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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
Stock analysis
Apollo Global Management LLC Class A (APO) currently trades at $114.83, while our model-based Fair Value estimate is $196.06, implying the stock looks roughly 41.4% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $265.58 per share, and 6 of the 12 models we run sit above the $114.83 price.
Bear case: the Dividend Discount group reads lowest at $20.63, and 6 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: $73.98 (bear) to $324.27 (bull), the price of $114.83 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap $70.0B Large · P/E ratio 41.2 · P/S ratio 1.91 · EPS (TTM) $2.79 · Dividend yield 1.9% · Net margin 5.3% · Return on equity 11.4% · Return on assets (EBIT) 2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 71%, APO screens cheaper than that median.
Fair Value models
Bear$73.98Fair Value $196.06Bull$324.27
Price $114.83 · Upside +70.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.5231 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.8%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.8% vs 21.1%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.39% → 34%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
AI conclusion: The business draws a moderate moat from scale in alternatives and solid ROE margins, yet limited differentiation and sector commoditization risks together with elevated debt remain its main weaknesses.
Main risk: The drive for daily pricing across credit assets risks exposing valuation details to competitors or regulators and could thereby weaken its asset management edge.
Apollo is expanding daily pricing to all its credit assets, a step toward greater transparency and secondary trading in private credit. This could unlock more liquidity and investor interest in its core business, but it also risks exposing valuation details that competitors or regulators might use against it. Our models see it as undervalued, yet will the push for openness ultimately strengthen its asset management edge or erode it through added scrutiny?
Compare Apollo Global Management LLC Class A with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 669 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+70.7% · Above median
Profitability
Return on equity (12 months)11.4% · Above median
Return on assets1.5% · Below median
Net margin (12 months)8.2% · Below median
Operating margin (12 months)22.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)63.8% · Top 25%
Dividend yield (12 months)1.9% · Below median
Balance sheet
Debt / equity0.57× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Apollo Global Management LLC Class A Fair Value". https://www.fairvalue-calculator.com/stock/APO
Frequently asked questions
Is Apollo Global Management LLC Class A (APO) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of $196.06 versus a price of $114.83, about +71% upside (undervalued).
What is the fair value of APO?
Our model-based fair value for Apollo Global Management LLC Class A is $196.06 (as of Oct 22, 2026), built from audited fundamentals. The current price: $114.83.
What is the quality score of APO?
Apollo Global Management LLC Class A has a Quality Score of 50/100. 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 price target for Apollo Global Management LLC Class A (APO)?
Our model-based price target is the fair value of $196.06 (as of Oct 22, 2026) from 12 valuation models. Cautious scenario $73.98, optimistic scenario $324.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Apollo Global Management LLC Class A stock forecast for 2026?
Our models put fair value at $196.06, about +71% upside versus a price of $114.83 (undervalued). Cautious scenario $73.98, optimistic scenario $324.27. The calculation is refreshed regularly with new filings.
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 $35.6B (latest available figure, as of Oct 22, 2026).
Does Apollo Global Management LLC Class A pay a dividend?
Apollo Global Management LLC Class A currently shows a dividend yield of 1.87% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Apollo Global Management LLC Class A (APO)?
For today's price to be fair in a discounted-cash-flow model, Apollo Global Management LLC Class A would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +66.7 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of APO use?
Our models discount Apollo Global Management LLC Class A at 10.6 %: a base by market capitalisation (large), damped by beta 1.58, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Apollo Global Management LLC Class A that is less than minus 40 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Apollo Global Management LLC Class A (APO) delivered so far?
Over the past 5 years revenue at Apollo Global Management LLC Class A grew +66.7 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Apollo Global Management LLC Class A (APO) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Apollo Global Management LLC Class A (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Apollo Global Management LLC Class A (APO)?
The free-cash-flow yield on the price is 10.64 %: that much free cash flow Apollo Global Management LLC Class A produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Apollo Global Management LLC Class A (APO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apollo Global Management LLC Class A it is $196.06 per share (as of Oct 22, 2026), against a price of $114.83. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Apollo Global Management LLC Class A stock overvalued or undervalued in 2026?
As of Oct 22, 2026, APO trades below its calculated fair value: price $114.83, fair value $196.06, a gap of about +71% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of APO?
No. The price is what the market pays today ($114.83); the fair value is what the company's own numbers justify ($196.06). For Apollo Global Management LLC Class A the two are $81.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Apollo Global Management LLC Class A worth?
The market values Apollo Global Management LLC Class A at about $70.0B (market capitalisation, as of Oct 22, 2026). Per share that is $114.83; our models calculate a fair value of $196.06 per share.
What do the bullish and bearish scenarios say about APO?
Our models span a range for Apollo Global Management LLC Class A: cautious scenario $73.98, base $196.06, optimistic $324.27 per share (as of Oct 22, 2026, price $114.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of APO?
Apollo Global Management LLC Class A trades at a price-to-earnings ratio of 41.2 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $196.06 is built from several models across several years. Other multiples: PEG 0.5, P/B 3.0, P/S 3.0, EV/EBITDA 9.5.
What is the PEG ratio of APO?
The PEG ratio of Apollo Global Management LLC Class A is 0.47 (P/E divided by earnings growth, as of Oct 22, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Apollo Global Management LLC Class A (APO)?
Balance-sheet figures for Apollo Global Management LLC Class A (as of Oct 22, 2026): return on equity 11.4%, debt of 0.57 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is APO from its 52-week high?
Apollo Global Management LLC Class A trades at $114.83, about 24% below its 52-week high of $150.80 and 15% above the low of $99.46 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $196.06 is for.
Which stocks are comparable to Apollo Global Management LLC Class A?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, State Street Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Apollo Global Management LLC Class A stock attractive at the current price?
The data as of Oct 22, 2026: price $114.83, calculated fair value $196.06 (+71%), Quality Score 50/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of APO calculated?
We run Apollo Global Management LLC Class A through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $196.06, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Apollo Global Management LLC Class A currently trades 41 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Apollo Global Management LLC Class A (APO)?
The closing price on Oct 22, 2026 was $114.83. Our model-based fair value is $196.06, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apollo Global Management LLC Class A right now?
The model range is unusually wide ($73.98 to $324.27). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Apollo Global Management LLC Class A (APO) come from?
Earnings per share at Apollo Global Management LLC Class A grew +22.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +20.7 %, EBIT margin −3.5 %, tax rate +3.1 %, residual (interest, one-offs) +1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Apollo Global Management LLC Class A
How large is the market capitalisation of Apollo Global Management LLC Class A (APO)?
The market capitalisation of Apollo Global Management LLC Class A is $70.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Apollo Global Management LLC Class A (APO)?
The price-to-sales ratio of Apollo Global Management LLC Class A is 1.91 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Apollo Global Management LLC Class A (APO)?
Earnings per share at Apollo Global Management LLC Class A are $2.79 (price ÷ EPS = P/E 41.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Apollo Global Management LLC Class A (APO)?
The dividend yield of Apollo Global Management LLC Class A is 1.9% (payout 76.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Apollo Global Management LLC Class A (APO)?
The net margin of Apollo Global Management LLC Class A is 5.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Apollo Global Management LLC Class A (APO)?
The return on equity (ROE) of Apollo Global Management LLC Class A is 11.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Apollo Global Management LLC Class A (APO)?
On an EBIT basis the return on assets of Apollo Global Management LLC Class A is 2.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Apollo Global Management LLC Class A (APO)?
The operating margin of Apollo Global Management LLC Class A is 22.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apollo Global Management LLC Class A (APO)?
Revenue at Apollo Global Management LLC Class A is growing +63.8% versus a year earlier (3y avg +40.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Apollo Global Management LLC Class A (APO)?
Earnings per share at Apollo Global Management LLC Class A are growing +63.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Apollo Global Management LLC Class A (APO) hold?
Apollo Global Management LLC Class A holds more cash than debt, $5.9B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 22, 2026