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APPFOLIO INC APPF

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2015-06-26 · LEI

APPFOLIO INC statistics & valuation

Market cap$5.5B
P / E39.1×
P / S5.8×
P / B10.1×
P / FCF23.0×
Net margin14.8%
Return on equity26.0%
FCF margin25.1%
Return on capital26.3%
Graham number -81.6%$36.11

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($36.11); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-7.80% 6.80% 10.50% 14.20% 51.10% 0.30% -14.40% 0.40% 25.70% 14.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-8.00% 6.50% 10.30% 2.50% 3.20% -3.30% -15.30% 0.20% 17.10% 16.10% 2016201720182019202020212022202320242025
Return on equity (%)
-11.90% 11.40% 21.70% 27.50% 55.40% 0.30% -25.70% 0.90% 39.30% 26.00% 2016201720182019202020212022202320242025
Shares outstanding
33.6M 35.2M 35.6M 35.6M 35.7M 35.7M 35.0M 36.4M 36.8M 36.3M 2016201720182019202020212022202320242025
Net debt ($)
-$16.1M -$25.5M $31.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-8.90% 8.80% 11.40% 13.90% 40.70% 0.30% -17.90% 0.70% 32.60% 20.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
6.90% 18.90% 18.00% 12.00% 9.40% 7.60% 4.00% 8.30% 23.40% 25.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.53× 0.36× 2016201720182019202020212022202320242025
EPS ($)
-$0.25 $0.28 $0.56 $1.02 $4.44 $0.03 -$1.95 $0.07 $5.55 $3.88 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

APPFOLIO INC trades at about 50.7× earnings — below its 10-year norm (10-year range 34.4×–3842×, median 128.9×).

34.4× 3842×

Shaded band = 10-year range (34.4×–3842×); dot = today's 50.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin16.1%17.1%0.2%-15.3%-3.3%3.2%2.5%10.3%6.5%-8.0%
Net margin14.8%25.7%0.4%-14.4%0.3%51.1%14.2%10.5%6.8%-7.8%
FCF margin25.1%23.4%8.3%4.0%7.6%9.4%12.0%18.0%18.9%6.9%
Return on assets20.5%32.6%0.7%-17.9%0.3%40.7%13.9%11.4%8.8%-8.9%
Return on equity26.0%39.3%0.9%-25.7%0.3%55.4%27.5%21.7%11.4%-11.9%
Debt / equity——————0.36×0.53×0.00×—
Current ratio3.315.303.903.283.014.001.303.832.251.51

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.