# Affirm Holdings Inc. (AFRM) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / IT Services. Price $72.35, market value $24.4 billion.

## Valuation
- **P/E (trailing): 13.1×** (5-yr avg 237.8×, 3-yr avg 237.8×). Affirm Holdings Inc. trades at 13.1× trailing earnings, well below its own five-year average of 237.8×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.7×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.00**. A PEG of 0.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 11.0×**. Each dollar of revenue is priced at 11.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 4.4×**. The shares trade at 4.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 45.2×**. Enterprise value is 45.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 4.1%** (5-yr avg 0.4%). Free cash flow equals 4.1% of the market value, above its five-year average of 0.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 7.6%**. The inverse of the P/E: 7.6% of the price is earned each year.

## Profitability
- **Operating margin: 18.8%**. 18.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 45.3%**. 45.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 35.2%**. 35.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 2.4%**. Return on all capital, debt included, is 2.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 12.2%**. Each dollar of assets produces 12.2% of profit.

## Growth
- **Revenue growth (1 yr): 282.5%** (3-yr 89.4%/yr, 5-yr 58.2%/yr). Revenue grew 282.5% over the last year, against 58.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 3586.7%**. Earnings per share rose 3586.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.79**. Debt is 1.79 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 11.3×**. It would take 11.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.26**. A Z-score of 2.26 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Affirm Holdings Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (30 analysts). 30 analysts cover Affirm Holdings Inc.; the consensus is buy, with an average price target of $96.54 (+33% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -19.3%** (YTD -2.8%, 3-mo 13.7%). The shares are down 19.3% over twelve months including dividends.
- **From 52-week high: -21.8%** (71.9% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 2.58** (volatility 60%). Beta of 2.58 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AFRM · Page: https://foliofundamentals.com/stocks/afrm

Not investment advice.