(APPF) Appfolio - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03783C1009

Platform, Software, Services, Tools

Stock: Application Software
Age 10.6y

MCap 7,827m
Avg Vol 231K (54.1M USD)

Beta 0.781
Volatility 38.75%

EPS (Earnings per Share)

EPS CAGR: 29.31%
EPS Trend: 68.7%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 29.13%
Rev. Trend: 98.9%

Last SUE: 1.02
Qual. Beats: 2

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	38.8%
Value at Risk 5%th	54.1%
Relative Tail Risk	-15.08%

Reward TTM
Sharpe Ratio	-0.22
Alpha	-28.70
CAGR/Max DD	0.69

Character TTM
Hurst Exponent	0.777
Beta	0.781
Beta Downside	0.329

Drawdowns 3y
Max DD	33.71%
Mean DD	11.35%
Median DD	10.07%

Description: APPF Appfolio January 06, 2026

AppFolio, Inc. (NASDAQ: APPF) delivers a cloud-based SaaS platform that supports U.S. real-estate operators across leasing, maintenance, accounting, and ancillary business-critical functions, now augmented with generative AI to automate queries and routine workflows.

The product suite includes four tiers: Property Manager Core (core record-keeping and operations), Property Manager Plus (advanced accounting, student-housing tools, and custom fields), Property Manager Max (CRM, full API access, and extensive customization), and Investment Manager (investment- and asset-management capabilities). Value-added services such as electronic payments, tenant screening, and risk-mitigation further embed the platform into a property manager’s workflow.

From a financial standpoint, APPF reported FY 2023 revenue of approximately $1.1 billion, with subscription revenue representing roughly 80 % of total sales and a year-over-year ARR growth rate near 20 %. The company’s net dollar retention exceeds 115 %, indicating strong upsell potential, while its churn rate hovers around 5 %-both favorable relative to the broader application-software sub-industry.

Key macro drivers include sustained demand for multifamily housing, tighter labor markets that push property owners toward automation, and a broader digital-transformation trend in real-estate services. Conversely, rising interest rates could temper new leasing activity, potentially slowing new-customer acquisition for SaaS providers.

For a deeper quantitative comparison of APPF’s valuation metrics, you might explore the ValueRay platform.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (203.7m TTM) > 0 and > 6% of Revenue (6% = 54.4m TTM)

FCFTA 0.33 (>2.0%) and ΔFCFTA -0.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 22.33% (prev 43.48%; Δ -21.15pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.33 (>3.0%) and CFO 213.7m > Net Income 203.7m (YES >=105%, WARN >=100%)

Net Debt (-37.1m) to EBITDA (162.1m) ratio: -0.23 <= 3.0 (WARN <= 3.5)

Current Ratio 3.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (36.3m) change vs 12m ago -1.35% (target <= -2.0% for YES)

Gross Margin 62.89% (prev 63.66%; Δ -0.77pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 155.8% (prev 145.7%; Δ 10.07pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -30.95 (EBITDA TTM 162.1m / Interest Expense TTM -4.46m) >= 6 (WARN >= 3)

Altman Z'' 8.56

(A) 0.32 = (Total Current Assets 302.8m - Total Current Liabilities 100.4m) / Total Assets 640.5m

(B) 0.61 = Retained Earnings (Balance) 391.1m / Total Assets 640.5m

(D) 2.76 = Book Value of Equity 391.0m / Total Liabilities 141.6m

Total Rating: 8.56 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 88.04

1. Piotroski 5.0pt

2. FCF Yield 2.75%

3. FCF Margin 23.25%

4. Debt/Equity 0.08

5. Debt/Ebitda -0.23

6. ROIC - WACC (= 17.39)%

7. RoE 42.10%

8. Rev. Trend 98.90%

9. EPS Trend 68.71%

What is the price of APPF shares?

As of January 19, 2026, the stock is trading at USD 217.89 with a total of 224,506 shares traded.
Over the past week, the price has changed by -2.21%, over one month by -7.57%, over three months by -9.36% and over the past year by -16.32%.

Is APPF a buy, sell or hold?

Appfolio has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy APPF.

Strong Buy: 3
Buy: 2
Hold: 2
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the APPF price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	311.8	43.1%
Analysts Target Price	311.8	43.1%
ValueRay Target Price	232.7	6.8%

APPF Fundamental Data Overview January 19, 2026

P/E Trailing = 39.0484
P/S = 8.6362
P/B = 15.6893
P/EG = 5.3
Revenue TTM = 906.3m USD
EBIT TTM = 138.2m USD
EBITDA TTM = 162.1m USD
Long Term Debt = 39.2m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 4.71m USD (from shortTermDebt, last quarter)
Debt = 39.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -37.1m USD (from netDebt column, last quarter)
Enterprise Value = 7.67b USD (7.83b + Debt 39.2m - CCE 200.4m)
Interest Coverage Ratio = -30.95 (Ebit TTM 138.2m / Interest Expense TTM -4.46m)
EV/FCF = 36.38x (Enterprise Value 7.67b / FCF TTM 210.7m)
FCF Yield = 2.75% (FCF TTM 210.7m / Enterprise Value 7.67b)
FCF Margin = 23.25% (FCF TTM 210.7m / Revenue TTM 906.3m)
Net Margin = 22.48% (Net Income TTM 203.7m / Revenue TTM 906.3m)
Gross Margin = 62.89% ((Revenue TTM 906.3m - Cost of Revenue TTM 336.3m) / Revenue TTM)
Gross Margin QoQ = 63.31% (prev 64.42%)
Tobins Q-Ratio = 11.97 (Enterprise Value 7.67b / Total Assets 640.5m)
Interest Expense / Debt = 3.77% (Interest Expense 1.48m / Debt 39.2m)
Taxrate = 8.40% (3.09m / 36.7m)
NOPAT = 126.6m (EBIT 138.2m * (1 - 8.40%))
Current Ratio = 3.01 (Total Current Assets 302.8m / Total Current Liabilities 100.4m)
Debt / Equity = 0.08 (Debt 39.2m / totalStockholderEquity, last quarter 498.9m)
Debt / EBITDA = -0.23 (Net Debt -37.1m / EBITDA 162.1m)
Debt / FCF = -0.18 (Net Debt -37.1m / FCF TTM 210.7m)
Total Stockholder Equity = 484.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 35.01% (Net Income 203.7m / Total Assets 640.5m)
RoE = 42.10% (Net Income TTM 203.7m / Total Stockholder Equity 484.0m)
RoCE = 26.41% (EBIT 138.2m / Capital Employed (Equity 484.0m + L.T.Debt 39.2m))
RoIC = 26.15% (NOPAT 126.6m / Invested Capital 484.0m)
WACC = 8.76% (E(7.83b)/V(7.87b) * Re(8.79%) + D(39.2m)/V(7.87b) * Rd(3.77%) * (1-Tc(0.08)))
Discount Rate = 8.79% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.46%
[DCF Debug] Terminal Value 78.82% ; FCFF base≈195.9m ; Y1≈241.7m ; Y5≈411.6m
Fair Price DCF = 262.6 (EV 6.02b - Net Debt -37.1m = Equity 6.06b / Shares 23.1m; r=8.76% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 68.71 | EPS CAGR: 29.31% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.90 | Revenue CAGR: 29.13% | SUE: 1.02 | # QB: 2
EPS next Quarter (2026-03-31): EPS=1.44 | Chg30d=+0.010 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=6.40 | Chg30d=+0.024 | Revisions Net=-1 | Growth EPS=+24.2% | Growth Revenue=+18.5%

Additional Sources for APPF Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle