Jim Cramer on Apollo Global: “It’s Always Traded at a Pretty Big Discount to the Market”

Apollo Global Management, Inc. (NYSE:APO) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer discussed the company’s projected earnings growth and valuation. He commented:

“There are even a couple of private equity stocks that look interesting based on this screen, like Apollo, which is now a leader in both private equity and private credit. It’s projected to have roughly 19% earnings growth in 2026, but it sells for just 15.5 times next year’s numbers. It’s always traded at a pretty big discount to the market, though.”

Image by Sergei Tokmakov Terms.Law from Pixabay

Apollo Global Management, Inc. (NYSE:APO) is an alternative investment firm specializing in private equity, credit, real estate, and infrastructure. The firm’s strategies include buyouts, distressed assets, structured credit, and direct lending. Upon inquiry from a caller, Cramer called it a cheap stock in an August episode. He said:

“You just sold me on Apollo. I love the case… Listen to that guy. He knows more than all the Wall Street guys put together. I think Apollo’s a cheap stock. I think this guy, Marc Rowan, I invite him on the show… This company is a very smart company. I am a believer. I’m a believer.”

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Disclosure: None. This article is originally published at Insider Monkey.