Is Apollo Global Management, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Apollo Global Management, Inc. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 22, an EV to EBITDA of 7.93, and a Price to Book Value of 4.24. In comparison, BlackRock, Inc. has a P/E of 26.74, while Blackstone, Inc. is significantly more expensive with a P/E of 73.42.
Despite the recent valuation adjustment, Apollo Global Management has underperformed relative to the S&P 500, with a year-to-date return of -20.93% compared to the index's 14.49%. However, over the last five years, the company has delivered a strong return of 195.21%, indicating potential for recovery.