# AppFolio Inc. (APPF) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $214.28, market value $7.6 billion.

## Valuation
- **P/E (trailing): 48.8×** (5-yr avg 1653.7×, 3-yr avg 859.8×). AppFolio Inc. trades at 48.8× trailing earnings, well below its own five-year average of 1653.7×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 25.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 7.3×**. Each dollar of revenue is priced at 7.3×.
- **Price / book: 14.4×**. The shares trade at 14.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 37.1×**. Enterprise value is 37.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 3.6%** (5-yr avg 1.4%). Free cash flow equals 3.6% of the market value, above its five-year average of 1.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.0%**. The inverse of the P/E: 2.0% of the price is earned each year.

## Profitability
- **Operating margin: 17.5%**. 17.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 14.8%**. 14.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 26.0%**. 26.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 29.8%**. Return on all capital, debt included, is 29.8%: comfortably above what that capital costs.
- **Return on assets: 22.9%**. Each dollar of assets produces 22.9% of profit.

## Growth
- **Revenue growth (1 yr): 19.7%** (3-yr 26.3%/yr, 5-yr 25.1%/yr). Revenue grew 19.7% over the last year, against 25.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -30.1%** (5-yr -2.7%/yr). Earnings per share fell 30.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 133.3%/yr**. Free cash flow has compounded at 133.3% a year over three years.

## Financial health
- **Debt to equity: 0.09**. Debt is 0.09 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. AppFolio Inc. holds more cash than debt.
- **Current ratio: 3.31** (quick 3.31). Current assets cover the next year's liabilities 3.31 times.
- **Altman Z-score: 34.75**. A Z-score of 34.75 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

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

## Analyst view
- **Analyst consensus: strong_buy** (8 analysts). 8 analysts cover AppFolio Inc.; the consensus is strong_buy, with an average price target of $231.04 (+8% 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): -23.3%** (YTD -7.9%, 3-mo 28.4%). The shares are down 23.3% over twelve months including dividends.
- **From 52-week high: -25.5%** (50.3% above the low). Trading 25% 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): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.53** (volatility 44%). Beta of 0.53 against the S&P 500: the shares move much less than the market.

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

Not investment advice.