Using the industry peer median P/E multiple (trailing + forward), Apollo Global Management, Inc. (APO) has a fair value of $205.89 based on 4 comparable companies in the Asset Management - Global industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Apollo Global Management, Inc.APO | 67,123 | 15.2x | 13.9x |
| BlackRock, Inc.BLK | 151,648 | 27.5x | 20.6x |
| Blackstone Inc.BX | 132,768 | 28.5x | 20.6x |
| KKR & Co. Inc.KKR | 80,877 | 38.8x | 18.4x |
| Ares Management CorporationARES | 35,551 | 55.2x | 21.6x |
| Industry Median | 33.6x | 20.6x | |
| (*) Profit after tax | 4,481 | 4,829 | |
| Equity Value | 150,689 | 99,641 | |
| (/) Outstanding shares | 608 | 608 | |
| Fair Price | $248 | $164 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.