# Appian Corporation (APPN) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Software. Price $48.64, market value $3.5 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Appian Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.34**. A PEG of 0.34 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.4×**. Each dollar of revenue is priced at 4.4×.
- **EV / EBITDA: 182.6×**. Enterprise value is 182.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.2%** (5-yr avg -1.6%). Free cash flow equals 2.2% of the market value, above its five-year average of -1.6%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 71.8%**. Appian Corporation keeps 71.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 1.3%**. 1.3% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 0.2%**. 0.2% of each dollar of sales reaches the bottom line.
- **Return on equity: -2.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 13.8%**. Return on all capital, debt included, is 13.8%.
- **Return on assets: -1.5%**. Each dollar of assets produces -1.5% of profit.

## Growth
- **Revenue growth (1 yr): 17.8%** (3-yr 15.8%/yr, 5-yr 19.0%/yr). Revenue grew 17.8% over the last year, against 19.0% a year compounded over five years.
- **EPS growth (1 yr): 101.6%**. Earnings per share rose 101.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Net debt / EBITDA: 5.3×**. It would take 5.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.15** (quick 1.15). Current assets cover the next year's liabilities 1.15 times.
- **Altman Z-score: 3.91**. A Z-score of 3.91 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Appian Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 60.5%** (YTD 37.3%, 3-mo 71.0%). The shares are up 60.5% over twelve months including dividends.
- **From 52-week high: -10.1%** (161.1% above the low). Trading 10% 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): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 0.57** (volatility 70%). Beta of 0.57 against the S&P 500: the shares move much less than the market.

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

Not investment advice.