AppFolio Valuation

Is APPF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of APPF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APPF ($230.65) is trading above our estimate of fair value ($197.73)

Significantly Below Fair Value: APPF is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for APPF?

Key metric: As APPF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for APPF. This is calculated by dividing APPF's market cap by their current earnings.
What is APPF's PE Ratio?
PE Ratio62.9x
EarningsUS$131.59m
Market CapUS$8.21b

Price to Earnings Ratio vs Peers

How does APPF's PE Ratio compare to its peers?

The above table shows the PE ratio for APPF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average103.3x
OTEX Open Text
16.1x18.1%US$7.5b
ESTC Elastic
149.2x-20.9%US$9.1b
SPSC SPS Commerce
86.1x15.3%US$6.7b
CCCS CCC Intelligent Solutions Holdings
161.7x49.6%US$7.4b
APPF AppFolio
62.9x17.0%US$8.2b

Price-To-Earnings vs Peers: APPF is good value based on its Price-To-Earnings Ratio (62.9x) compared to the peer average (103.3x).


Price to Earnings Ratio vs Industry

How does APPF's PE Ratio compare vs other companies in the US Software Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AISP Airship AI Holdings
4.5x-27.8%US$74.21m
GRRR Gorilla Technology Group
2x-67.4%US$45.52m
NISN Nisun International Enterprise Development Group
2.1xn/aUS$35.53m
NXTT Next Technology Holding
0.5xn/aUS$19.19m
APPF 62.9xIndustry Avg. 41.0xNo. of Companies12PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: APPF is expensive based on its Price-To-Earnings Ratio (62.9x) compared to the US Software industry average (41x).


Price to Earnings Ratio vs Fair Ratio

What is APPF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APPF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio62.9x
Fair PE Ratio34.5x

Price-To-Earnings vs Fair Ratio: APPF is expensive based on its Price-To-Earnings Ratio (62.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst APPF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$230.65
US$272.17
+18.0%
15.8%US$328.00US$193.00n/a6
Nov ’25US$208.52
US$272.17
+30.5%
15.8%US$328.00US$193.00n/a6
Oct ’25US$232.20
US$293.71
+26.5%
7.1%US$328.00US$255.00n/a7
Sep ’25US$231.99
US$293.71
+26.6%
7.1%US$328.00US$255.00n/a7
Aug ’25US$215.69
US$293.71
+36.2%
7.1%US$328.00US$255.00n/a7
Jul ’25US$243.36
US$266.86
+9.7%
8.1%US$295.00US$235.00n/a7
Jun ’25US$228.32
US$262.17
+14.8%
7.5%US$285.00US$235.00n/a6
May ’25US$230.11
US$258.66
+12.4%
7.8%US$285.00US$235.00n/a7
Apr ’25US$241.18
US$243.51
+1.0%
7.6%US$275.00US$215.00n/a7
Mar ’25US$242.13
US$242.09
-0.02%
7.1%US$275.00US$215.00n/a7
Feb ’25US$226.68
US$235.66
+4.0%
6.1%US$254.00US$215.00n/a7
Jan ’25US$173.24
US$231.60
+33.7%
10.8%US$255.00US$185.00n/a5
Dec ’24US$187.83
US$235.00
+25.1%
8.3%US$255.00US$200.00n/a5
Nov ’24US$184.15
US$222.60
+20.9%
5.9%US$240.00US$200.00US$208.525
Oct ’24US$182.63
US$207.40
+13.6%
7.1%US$230.00US$185.00US$232.205
Sep ’24US$193.82
US$207.40
+7.0%
7.1%US$230.00US$185.00US$231.995
Aug ’24US$184.17
US$183.50
-0.4%
10.6%US$210.00US$155.00US$215.694
Jul ’24US$172.14
US$142.25
-17.4%
19.8%US$190.00US$117.00US$243.364
Jun ’24US$144.45
US$133.50
-7.6%
10.3%US$155.00US$117.00US$228.324
May ’24US$139.94
US$129.25
-7.6%
15.1%US$155.00US$100.00US$230.114
Apr ’24US$124.48
US$114.75
-7.8%
13.6%US$141.00US$100.00US$241.184
Mar ’24US$129.74
US$114.75
-11.6%
13.6%US$141.00US$100.00US$242.134
Feb ’24US$116.98
US$114.75
-1.9%
13.6%US$141.00US$100.00US$226.684
Jan ’24US$105.38
US$114.80
+8.9%
12.0%US$131.00US$95.00US$173.245
Dec ’23US$118.15
US$113.40
-4.0%
12.8%US$131.00US$95.00US$187.835
Nov ’23US$124.34
US$113.40
-8.8%
12.8%US$131.00US$95.00US$184.155

Analyst Forecast: Target price is less than 20% higher than the current share price.


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