---
title: Apollo Global Management (APO) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/apo
ticker: APO
as_of: 2026-10-17
sector: Financial Services
industry: Asset Management
---
# Apollo Global Management (APO)

Apollo Global Management (APO) closed at $110.78 on Oct 16, 2026, undervalued by 44% vs its model value of $196.28 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $110.78 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $196.28 |
| Price vs model | undervalued by 44% vs model |
| Range of that model | $157.33 – $237.20 |
| Market value | $65.4B |
| P/E (fiscal 2025) | 20.0 |
| Net margin (fiscal 2025) | 10.9% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 1.94% |
| Beta | 1.58 |
| Cost of capital (WACC) | 9.70% |
| Business classification | Mature & Stable (Revenue declining (~-1% recent), Decelerated from ~69% 5y CAGR, Moderate margins (11% net margin), Pays dividends, Highly cyclical earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.94% |
| Dividends per share, last 12 months | $2.15 |
| Dividends / earnings (fiscal 2025) | 34.4% |
| Raised | 3 years in a row |
| Growth over 5 years | 0.3% a year |
| Latest payment | $0.5625, ex-date Aug 19, 2026, paid Aug 31, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 18, 2021 | $2.11 |
| To Aug 17, 2022 | $1.70 |
| To Aug 17, 2023 | $1.66 |
| To Aug 16, 2024 | $1.79 |
| To Aug 18, 2025 | $1.95 |
| Trailing twelve months (to Aug 19, 2026) | $2.15 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/E · peers | primary | $196.28 | $157.33 | $237.20 |
| P/E · own history | cross check | $124.84 | $78.47 | $150.12 |
| PEG | sanity check | $217.22 | $217.22 | $217.22 |
| Dividend discount | cross check | $32.05 | $23.43 | $47.10 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($422,535); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 10, 2026 | Belardi James Richard | See Remarks | Bona fide gift | 38,605 | $0 |
| Aug 14, 2026 | Kelly Martin | Chief Financial Officer | Bona fide gift | 1,534 | $0 |
| Aug 14, 2026 | Kelly Martin | Chief Financial Officer | Open-market sell | 3,000 | $422,535 |
| Jul 29, 2026 | LDB 2014 LLC | Other | Other | 3,000,000 | — |
| Aug 7, 2026 | BLACK LEON D | Other | Other | 1 | — |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1858681/000185868126000054/apo-20261005.htm |
| Sep 21, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1858681/000185868126000051/apo-20260921.htm |
| Aug 24, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1858681/000185868126000048/apo-20260824.htm |
| Aug 13, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1858681/000185868126000046/apo-20260813.htm |
| Aug 12, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1858681/000095014226002321/eh260819538_8ka1.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Chase Coleman | 2026-06-30 | 2,723,110 | $322.2M |
| Leon Cooperman | 2026-06-30 | 1,337,000 | $158.2M |
| Thomas Gayner | 2026-06-30 | 1,012,500 | $119.8M |
| Soros | 2026-06-30 | 35,000 | $4.1M |

4 tracked managers in all.

## About

Apollo Global Management, Inc. operates as a prominent investment management firm, primarily concentrating its efforts across credit, private equity, and real estate asset classes. Within its private equity division, Apollo engages in a broad spectrum of transactions, ranging from traditional management buyouts, recapitalizations, and distressed acquisitions to corporate carve-outs, growth capital infusions, turnaround financing, bridge loans, strategic acquisitions, and industry consolidation initiatives. This also includes debt investments in real estate and corporate partnerships, along with investments in distressed assets and special situations within the middle market. Its client base is diverse, encompassing sovereign wealth and endowment funds, as well as various other institutional and private investors. The firm constructs and oversees bespoke portfolios for clients and activel…

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Source: https://sweetvaluelab.com/stocks/apo (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.