TooLongToLose
Oct 24, 12:29 PM
In a week and a half
$APP is set to post Q3’26 earnings which they have guided (at the midpoint) to show
$4.95B in TTM earnings.
With 337mm shares (diluted) as of 6/30/26, with a remaining
$1.8B in the buyback authorization… at
$260/share you’re looking at a current market cap of
$85.8B (17.3x ttm earnings)
Here’s where things get absurd on the valuation front: forget trying to forecast earnings growth NTM… just to trade BELOW the same 19x fwd earnings of the broader S&P 500
$SPY …
$APP would just need for earnings in the next 12mo to NOT DECLINE MORE THAN (-9%) Y/Y.
Absolutely insane dislocation in valuation.
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