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STOCK COMPARISON

Applovin vs Fortune Indonesia Tbk: Fair Value & Quality

Both stocks run through our valuation models. Here is how Applovin (APP) and Fortune Indonesia Tbk (FORU) compare, as of Oct 3, 2026.

As of Oct 3, 2026, Fair Value Calculator sees Applovin as the more attractively valued of the two: Applovin trades at $268 versus a fair value of $319 (+19.1%), while Fortune Indonesia Tbk trades at IDR 163 versus IDR 45 (−72.1%).
Applovin
APP · USD · Information Technology
+19.1%
upside to fair value
undervalued
Price$268
Fair Value$319
Quality91/100
Fortune Indonesia Tbk
FORU.JK · IDR · Communication Services
−72.1%
upside to fair value
overvalued
PriceIDR 163
Fair ValueIDR 45
Quality61/100
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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

ApplovinFortune Indonesia Tbk
Valuation
25.3×P/E (TTM)n/a
13.4×Forward P/E (FY2027)n/a
15.51×P/S (TTM)n/a
49.61×P/Bn/a
19.8×EV/EBITDAn/a
0.71×PEGn/a
+19.1%Fair value upside−72.1%
Profitability
77.7%Operating margin-65.4%
203.7%Return on equity-44.5%
46.5%Return on assets-13.6%
Growth
52.8%Revenue growth (YoY)-13.3%
24.8%Avg. growth/yr (3Y)-1.3%
30.4%Avg. growth/yr (5Y)1.2%
+97.7%Value creation/yrn/a
Balance & size
20.1×Interest coverage (EBIT/interest)0.8×
1.65×Debt / equity0.01×
$106BMarket capn/a
healthyGrowth qualityweak
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.
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: 7 to 1 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 0 Fortune Indonesia Tbkof which business quality 61 · market factors 21
ProfitabilityMargins and returns on capital today
91
38
Quality GrowthAre margins and returns improving?
98
74
CashflowEarnings quality: real cash, not paper profit
87
23
Fin. StrengthBalance sheet, leverage, solvency risk
70
79
InvestmentDisciplined investing over empire-building
81
100
Low VolatilityCalm price path (market factor)
0
50
MomentumPrice trend over the last 3–12 months (market factor)
0
15
52W MomentumDistance to the 52-week high (market factor)
0
0
Net IssuanceShare count: buybacks or dilution?
96
82

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 $268Fortune Indonesia TbkPrice IDR 163
DCF Models+47.2%above the price$395−68.3%below the priceIDR 52
Earnings-Based+42.3%above the price$382−71.9%below the priceIDR 46
Multiples−34.5%below the price$176−68.5%below the priceIDR 51
Asset-Based−98.3%below the price$4.68−79.3%below the priceIDR 34
Growth DCF+56.8%above the price$420−68.3%below the priceIDR 52
Economic Profit−59.3%below the price$109−71.9%below the priceIDR 46
Growth Earnings+105.5%above the price$551n/a
Minimum−98.3%below the price$4.68−79.3%below the priceIDR 34
Maximum+105.5%above the price$551−68.3%below the priceIDR 52
Median+42.3%above the price$382−70.2%below the priceIDR 49
Geometric mean−39.0%below the price$164−71.7%below the priceIDR 46

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: 9 of 23 models see the stock below the current price.

Fortune Indonesia Tbk: 12 of 12 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 $268
Fair Value $319
Bear $188Bull $525
Fortune Indonesia Tbk
Price IDR 163
Fair Value IDR 45
Bear IDR 45Bull IDR 46

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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 score91 · Top 25%
Fair value upside+19.1% · above median

Fortune Indonesia Tbk · Communication Services

Quality score61 · above median
Fair value upside−72.1% · bottom 25%

Bottom line

As of Oct 3, 2026, Fair Value Calculator sees Applovin as the more attractively valued of the two: Applovin trades at $268 versus a fair value of $319 (+19.1%), while Fortune Indonesia Tbk trades at IDR 163 versus IDR 45 (−72.1%).

Applovin has the higher quality score (91/100).

Open Applovin live analysis →

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