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STOCK COMPARISON

Applovin vs Software Acquisition Group III: Fair Value & Quality

Both stocks run through our valuation models. Here is how Applovin (APP) and Software Acquisition Group III (SWAG) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Applovin as the more attractively valued of the two: Applovin trades at $315 versus a fair value of $362 (+15%), while Software Acquisition Group III trades at $1.54 versus $1.05 (-32%).
Applovin
APP · USD · Information Technology
+15%
upside to fair value
undervalued
Price$315
Fair Value$362
Quality92/100
Software Acquisition Group III
SWAG · USD · Communication Services
-32%
upside to fair value
overvalued
Price$1.54
Fair Value$1.05
Quality69/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ApplovinSoftware Acquisition Group III
Valuation
45.3×P/E (TTM)77.0×
27.63×P/S (TTM)0.36×
n/aP/B1.38×
35.2×EV/EBITDAn/a
1.43×PEGn/a
+14.7%Fair value upside−31.8%
Profitability
78%Operating margin2%
266%Return on equity1%
44%Return on assets-1%
Growth
59%Revenue growth (YoY)9%
24.8%Avg. growth/yr (3Y)26.1%
30.4%Avg. growth/yr (5Y)25.2%
+97.7%Value creation/yrn/a
Balance & size
20.1×Interest coverage (EBIT/interest)n/a
1.65×Debt / equity0.00×
$170BMarket cap$42M
healthyGrowth qualityexpensive
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Applovin leads: 5 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Applovinof which business quality 86 · market factors 2 Software Acquisition Group IIIof which business quality 69 · market factors 13
ProfitabilityMargins and returns on capital today
91
46
Quality GrowthAre margins and returns improving?
98
85
CashflowEarnings quality: real cash, not paper profit
87
34
Fin. StrengthBalance sheet, leverage, solvency risk
70
85
InvestmentDisciplined investing over empire-building
81
100
Low VolatilityCalm price path (market factor)
0
0
MomentumPrice trend over the last 3–12 months (market factor)
4
23
52W MomentumDistance to the 52-week high (market factor)
2
10
Net IssuanceShare count: buybacks or dilution?
98
92

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyApplovinPrice $315Software Acquisition Group IIIPrice $1.54
DCF Models+25%above the price$395n/a
Earnings-Based+21%above the price$382n/a
Multiples-44%below the price$176n/a
Asset-Based-99%below the price$4.68-29%below the price$1.09
Growth DCF+33%above the price$420n/a
Economic Profit-61%below the price$122n/a
Growth Earnings+75%above the price$551n/a
Minimum-99%below the price$4.68-29%below the price$1.09
Maximum+75%above the price$551-29%below the price$1.09
Median+21%above the price$382-29%below the price$1.09
Geometric mean-47%below the price$166-29%below the price$1.09

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Applovin: 11 of 23 models see the stock below the current price.

Software Acquisition Group III: 1 of 1 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Applovin
Price $315
Fair Value $362
Bear $213Bull $594
Software Acquisition Group III
Price $1.54
Fair Value $1.05
Bear $0.70Bull $1.32

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Applovin · Information Technology

Quality score92 · Top 25%
Fair value upside+15% · above median

Software Acquisition Group III · Communication Services

Quality score69 · Top 25%
Fair value upside-32% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Applovin as the more attractively valued of the two: Applovin trades at $315 versus a fair value of $362 (+15%), while Software Acquisition Group III trades at $1.54 versus $1.05 (-32%).

Applovin has the higher quality score (92/100).

Open Applovin live analysis →
Applovin · Software Acquisition Group III

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.