Apollo Global Management, Inc. (APOS) stock analysis
Close on Oct 30, 2026Market cap $68.41BP/E 42.0Yield 1.72%
StockData Score
Prices as of Oct 30, 2026How the score works
Mixed11 of 30 checks passed
Apollo Global Management passes 11 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 2/6
- Growth
- 2/6
- Past performance
- 1/6
- Financial health
- 4/6
- Dividend
- 2/6
What stands out
Trading below fair value
The share price of $115.84 is below our fair value estimate of $121.32.
No debt
Apollo Global Management has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 86.0% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 43.0% a year over the last three fiscal years.
What to watch
Margin of safety under 20%
The price is 4.5% below fair value, less than the 20% cushion we look for.
Return on equity under 15%
Return on equity was 9.3% over the last twelve months and averaged 21.2% over five years; we look for 15% on both.
Earnings growth not accelerating
Net income grew -44.3% over the last twelve months, against a 5-year average of 86.0% a year.
Elevated bankruptcy risk
The Altman Z-score is 0.18; above 3 is the safe zone and below 1.8 the distress zone.
Valuation2/6
P/E above its 5-year median
Apollo Global Management's P/E of 42.0 is above its own 5-year median of 19.2.
P/E above the industry
Apollo Global Management's P/E of 42.0 is above the Services Allied with the Exchange of Securities median of 20.3.
EV/EBITDA below its 5-year median
Apollo Global Management's EV/EBITDA of 6.2 is below its 5-year median of 8.6.
P/B above the industry
Apollo Global Management's price-to-book of 3.26 is above the Services Allied with the Exchange of Securities median of 3.26.
Trading below fair value
The share price of $115.84 is below our fair value estimate of $121.32.
Margin of safety under 20%
The price is 4.5% below fair value, less than the 20% cushion we look for.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 43.0% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth not accelerating
Net income grew -44.3% over the last twelve months, against a 5-year average of 86.0% a year.
Growing faster than the industry
Revenue grew 41.2% over the last twelve months; the Services Allied with the Exchange of Securities median is 8.7%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance1/6
Return on equity under 15%
Return on equity was 9.3% over the last twelve months and averaged 21.2% over five years; we look for 15% on both.
Return on invested capital
Needs operating income and invested capital.
Return on equity below the industry
Apollo Global Management's return on equity of 9.3% is below the Services Allied with the Exchange of Securities median of 15.7%.
Earnings grew over 5 years
Net income grew 86.0% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 5.2% over the last twelve months, against a 5-year average of 11.4%.
Net margin below the industry
Apollo Global Management's net margin of 5.2% is below the Services Allied with the Exchange of Securities median of 15.7%.
Financial health4/6
No debt
Apollo Global Management has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 0.18; above 3 is the safe zone and below 1.8 the distress zone.
Dividend2/6
Pays a dividend
Apollo Global Management paid dividends worth 1.9% of the share price over the last twelve months.
Yield below Treasuries
The 1.9% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 4.0% or more; Apollo Global Management yields 1.9%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 6 fiscal years.
Covered by earnings
Dividends take 67.8% of net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$121.32
The share price is 5% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 19.8× | 19.2× | 20.3× | $54.60 | 40% |
| EV/EBITDA | 10.0× | 8.6× | 11.2× | $212.55 | 35% |
| P/B | 3.8× | 4.4× | 3.3× | $135.84 | 10% |
| Earnings power | 12.4% cost of equity | – | – | $76.69 | 15% |
| Fair value | $121.32 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 19.2
- Services Allied with the Exchange of Securities median 20.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $397.51M
- Value traded per 1% price move
- $281.18M
Downside
Medium risk
- Typical loss in a bad month
- 18.9%
- Volatility (annualized)
- 36%
- Sharpe ratio, 1 year
- -0.32
- Beta to the S&P 500 (5Y)
- 1.48
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2019 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.7% | +43.0% | +68.6% | – | |
| Net income | -23.7% | – | +86.0% | – | |
| EPS, diluted | -24.4% | – | +66.0% | – | |
| Dividend per share | +9.9% | +7.5% | -2.9% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 17.2% | |
| Return on assets | – | – | 0.8% | |
| Diluted shares | – | 228M | 594M |
Cash use needs five years of cash flow figures
Apollo Global Management does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.9% | 0.08× | 20.66× | 17.2% |
| FY2024 | 17.5% | 0.08× | 22.09× | 29.2% |
| FY2023 | 15.5% | 0.11× | 27.59× | 48.8% |
| FY2022 | -17.9% | 0.08× | 27.59× | -37.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$3.49B
- Cash generatingOperating cash flow above zero$7.25B
- Return on assets improvedROA up on the prior year1.5% → 0.9%
- Earnings backed by cashOperating cash flow above net income$7.25B vs $3.49B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise604M → 594M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.08 → 0.08