APPFOLIO INC - A (APPF) Fundamental Analysis & Valuation

NASDAQ:APPF • US03783C1009

189.9 USD
+1.64 (+0.87%)
At close: Mar 5, 2026
188.26 USD
-1.64 (-0.86%)
After Hours: 3/5/2026, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This APPF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to APPF. APPF was compared to 276 industry peers in the Software industry. APPF has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. APPF is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, APPF could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

8

1. APPF Profitability Analysis

1.1 Basic Checks

  • In the past year APPF was profitable.
  • In the past year APPF had a positive cash flow from operations.
  • APPF had positive earnings in 4 of the past 5 years.
  • APPF had a positive operating cash flow in each of the past 5 years.
APPF Yearly Net Income VS EBIT VS OCF VS FCFAPPF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • APPF's Return On Assets of 20.45% is amongst the best of the industry. APPF outperforms 96.74% of its industry peers.
  • The Return On Equity of APPF (25.97%) is better than 90.58% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 22.98%, APPF belongs to the top of the industry, outperforming 95.29% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for APPF is above the industry average of 10.79%.
  • The 3 year average ROIC (15.13%) for APPF is below the current ROIC(22.98%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 20.45%
ROE 25.97%
ROIC 22.98%
ROA(3y)17.89%
ROA(5y)7.21%
ROE(3y)22.06%
ROE(5y)8.17%
ROIC(3y)15.13%
ROIC(5y)N/A
APPF Yearly ROA, ROE, ROICAPPF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • APPF's Profit Margin of 14.82% is amongst the best of the industry. APPF outperforms 80.43% of its industry peers.
  • APPF's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 16.08%, APPF belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • APPF's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 63.68%, APPF perfoms like the industry average, outperforming 40.94% of the companies in the same industry.
  • In the last couple of years the Gross Margin of APPF has remained more or less at the same level.
Industry RankSector Rank
OM 16.08%
PM (TTM) 14.82%
GM 63.68%
OM growth 3YN/A
OM growth 5Y38.46%
PM growth 3YN/A
PM growth 5Y-21.92%
GM growth 3Y2.37%
GM growth 5Y0.67%
APPF Yearly Profit, Operating, Gross MarginsAPPF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. APPF Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APPF is creating value.
  • The number of shares outstanding for APPF has been reduced compared to 1 year ago.
  • The number of shares outstanding for APPF has been increased compared to 5 years ago.
  • There is no outstanding debt for APPF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
APPF Yearly Shares OutstandingAPPF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
APPF Yearly Total Debt VS Total AssetsAPPF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 31.19 indicates that APPF is not in any danger for bankruptcy at the moment.
  • APPF has a better Altman-Z score (31.19) than 97.46% of its industry peers.
  • APPF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 31.19
ROIC/WACC2.08
WACC11.05%
APPF Yearly LT Debt VS Equity VS FCFAPPF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M 500M

2.3 Liquidity

  • APPF has a Current Ratio of 3.31. This indicates that APPF is financially healthy and has no problem in meeting its short term obligations.
  • APPF has a Current ratio of 3.31. This is in the better half of the industry: APPF outperforms 74.64% of its industry peers.
  • A Quick Ratio of 3.31 indicates that APPF has no problem at all paying its short term obligations.
  • APPF has a better Quick ratio (3.31) than 74.64% of its industry peers.
Industry RankSector Rank
Current Ratio 3.31
Quick Ratio 3.31
APPF Yearly Current Assets VS Current LiabilitesAPPF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. APPF Growth Analysis

3.1 Past

  • APPF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.50%, which is quite impressive.
  • Measured over the past 5 years, APPF shows a small growth in Earnings Per Share. The EPS has been growing by 3.52% on average per year.
  • The Revenue has grown by 19.72% in the past year. This is quite good.
  • The Revenue has been growing by 25.12% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)20.5%
EPS 3YN/A
EPS 5Y3.52%
EPS Q2Q%51.09%
Revenue 1Y (TTM)19.72%
Revenue growth 3Y26.3%
Revenue growth 5Y25.12%
Sales Q2Q%21.86%

3.2 Future

  • APPF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.75% yearly.
  • The Revenue is expected to grow by 16.84% on average over the next years. This is quite good.
EPS Next Y25.81%
EPS Next 2Y23.86%
EPS Next 3Y21.75%
EPS Next 5YN/A
Revenue Next Year17.45%
Revenue Next 2Y17.03%
Revenue Next 3Y16.84%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
APPF Yearly Revenue VS EstimatesAPPF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
APPF Yearly EPS VS EstimatesAPPF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6 8

More info and screens

Find the best growth stocksShow best growing peers

4

4. APPF Valuation Analysis

4.1 Price/Earnings Ratio

  • APPF is valuated quite expensively with a Price/Earnings ratio of 35.90.
  • APPF's Price/Earnings is on the same level as the industry average.
  • APPF's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.74.
  • A Price/Forward Earnings ratio of 28.53 indicates a quite expensive valuation of APPF.
  • APPF's Price/Forward Earnings is on the same level as the industry average.
  • APPF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 35.9
Fwd PE 28.53
APPF Price Earnings VS Forward Price EarningsAPPF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APPF indicates a somewhat cheap valuation: APPF is cheaper than 63.41% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, APPF is valued a bit cheaper than the industry average as 62.68% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 29.02
EV/EBITDA 36.34
APPF Per share dataAPPF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • APPF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of APPF may justify a higher PE ratio.
  • APPF's earnings are expected to grow with 21.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.39
PEG (5Y)10.2
EPS Next 2Y23.86%
EPS Next 3Y21.75%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. APPF Dividend Analysis

5.1 Amount

  • APPF does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

APPF Fundamentals: All Metrics, Ratios and Statistics

APPFOLIO INC - A

NASDAQ:APPF (3/5/2026, 8:00:01 PM)

After market: 188.26 -1.64 (-0.86%)

189.9

+1.64 (+0.87%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners88.38%
Inst Owner Change3.52%
Ins Owners2.47%
Ins Owner Change1.94%
Market Cap6.83B
Revenue(TTM)950.82M
Net Income(TTM)140.92M
Analysts82.86
Price Target271.88 (43.17%)
Short Float %8.29%
Short Ratio5.05
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.42%
Min EPS beat(2)-11.52%
Max EPS beat(2)8.67%
EPS beat(4)2
Avg EPS beat(4)-0.13%
Min EPS beat(4)-11.52%
Max EPS beat(4)8.67%
EPS beat(8)5
Avg EPS beat(8)6.1%
EPS beat(12)9
Avg EPS beat(12)23.49%
EPS beat(16)12
Avg EPS beat(16)-111.22%
Revenue beat(2)0
Avg Revenue beat(2)-0.84%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-1.25%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)-0.15%
Revenue beat(8)3
Avg Revenue beat(8)0.06%
Revenue beat(12)7
Avg Revenue beat(12)0.79%
Revenue beat(16)10
Avg Revenue beat(16)1%
PT rev (1m)-13.62%
PT rev (3m)-14.92%
EPS NQ rev (1m)2.66%
EPS NQ rev (3m)3.43%
EPS NY rev (1m)1.88%
EPS NY rev (3m)8.41%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)-0.96%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 35.9
Fwd PE 28.53
P/S 7.19
P/FCF 29.02
P/OCF 28.23
P/B 12.6
P/tB 17.26
EV/EBITDA 36.34
EPS(TTM)5.29
EY2.79%
EPS(NY)6.66
Fwd EY3.5%
FCF(TTM)6.54
FCFY3.45%
OCF(TTM)6.73
OCFY3.54%
SpS26.42
BVpS15.08
TBVpS11
PEG (NY)1.39
PEG (5Y)10.2
Graham Number42.36
Profitability
Industry RankSector Rank
ROA 20.45%
ROE 25.97%
ROCE 26.27%
ROIC 22.98%
ROICexc 40.42%
ROICexgc 72.56%
OM 16.08%
PM (TTM) 14.82%
GM 63.68%
FCFM 24.77%
ROA(3y)17.89%
ROA(5y)7.21%
ROE(3y)22.06%
ROE(5y)8.17%
ROIC(3y)15.13%
ROIC(5y)N/A
ROICexc(3y)28.55%
ROICexc(5y)N/A
ROICexgc(3y)59.25%
ROICexgc(5y)N/A
ROCE(3y)17.3%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y39.85%
ROICexc growth 3YN/A
ROICexc growth 5Y51.83%
OM growth 3YN/A
OM growth 5Y38.46%
PM growth 3YN/A
PM growth 5Y-21.92%
GM growth 3Y2.37%
GM growth 5Y0.67%
F-Score6
Asset Turnover1.38
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 29.12%
Cap/Sales 0.69%
Interest Coverage 250
Cash Conversion 137.9%
Profit Quality 167.12%
Current Ratio 3.31
Quick Ratio 3.31
Altman-Z 31.19
F-Score6
WACC11.05%
ROIC/WACC2.08
Cap/Depr(3y)40.61%
Cap/Depr(5y)60.69%
Cap/Sales(3y)1.28%
Cap/Sales(5y)3.49%
Profit Quality(3y)657.89%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.5%
EPS 3YN/A
EPS 5Y3.52%
EPS Q2Q%51.09%
EPS Next Y25.81%
EPS Next 2Y23.86%
EPS Next 3Y21.75%
EPS Next 5YN/A
Revenue 1Y (TTM)19.72%
Revenue growth 3Y26.3%
Revenue growth 5Y25.12%
Sales Q2Q%21.86%
Revenue Next Year17.45%
Revenue Next 2Y17.03%
Revenue Next 3Y16.84%
Revenue Next 5YN/A
EBIT growth 1Y12.73%
EBIT growth 3YN/A
EBIT growth 5Y73.24%
EBIT Next Year36.16%
EBIT Next 3Y19.21%
EBIT Next 5YN/A
FCF growth 1Y30.14%
FCF growth 3Y284.59%
FCF growth 5Y135.96%
OCF growth 1Y28.67%
OCF growth 3Y112.11%
OCF growth 5Y38.04%

APPFOLIO INC - A / APPF FAQ

What is the fundamental rating for APPF stock?

ChartMill assigns a fundamental rating of 7 / 10 to APPF.


What is the valuation status of APPFOLIO INC - A (APPF) stock?

ChartMill assigns a valuation rating of 4 / 10 to APPFOLIO INC - A (APPF). This can be considered as Fairly Valued.


What is the profitability of APPF stock?

APPFOLIO INC - A (APPF) has a profitability rating of 8 / 10.


What is the financial health of APPFOLIO INC - A (APPF) stock?

The financial health rating of APPFOLIO INC - A (APPF) is 9 / 10.


What is the expected EPS growth for APPFOLIO INC - A (APPF) stock?

The Earnings per Share (EPS) of APPFOLIO INC - A (APPF) is expected to grow by 25.81% in the next year.