Appian Corporation

NasdaqGM:APPN Stock Report

Market Cap: US$2.3b

Appian Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: APPN ($32.48) is trading below our estimate of fair value ($56.86)

Significantly Below Fair Value: APPN is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

APPN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.2x
Enterprise Value/EBITDA-33x
PEG Ration/a

Price to Sales Ratio vs Peers

How does APPN's PS Ratio compare to its peers?

The above table shows the PS ratio for APPN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
RPD Rapid7
2.9x8.0%US$2.3b
PRGS Progress Software
3.5x2.7%US$2.5b
NABL N-able
5.3x9.3%US$2.4b
FROG JFrog
7.9x16.0%US$3.0b
APPN Appian
4.1x10.3%US$2.3b

Price-To-Sales vs Peers: APPN is good value based on its Price-To-Sales Ratio (4.1x) compared to the peer average (4.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.8%
 n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.8%
 n/an/an/a
No more companies

Price-To-Sales vs Industry: APPN is good value based on its Price-To-Sales Ratio (4.1x) compared to the US Software industry average (4.7x).

Price to Sales Ratio vs Fair Ratio

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

APPN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio4.1x

Price-To-Sales vs Fair Ratio: APPN is good value based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (4.1x).

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 APPN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$32.48
US$34.57
+6.4%
11.9%US$41.00US$29.00n/a7
Aug ’25US$29.43
US$36.71
+24.8%
9.6%US$42.00US$32.00n/a7
Jul ’25US$30.76
US$39.38
+28.0%
13.7%US$48.00US$32.00n/a8
Jun ’25US$28.39
US$38.67
+36.2%
14.1%US$48.00US$32.00n/a9
May ’25US$36.73
US$44.80
+22.0%
12.8%US$52.00US$36.00n/a10
Apr ’25US$37.82
US$44.70
+18.2%
13.2%US$52.00US$35.00n/a10
Mar ’25US$35.76
US$45.22
+26.5%
13.2%US$55.00US$35.00n/a9
Feb ’25US$32.87
US$44.44
+35.2%
13.0%US$55.00US$35.00n/a9
Jan ’25US$37.66
US$46.70
+24.0%
12.3%US$55.00US$37.00n/a10
Dec ’24US$37.69
US$47.27
+25.4%
13.9%US$58.00US$37.00n/a11
Nov ’24US$39.13
US$51.00
+30.3%
14.6%US$63.00US$35.00n/a11
Oct ’24US$45.61
US$52.55
+15.2%
11.9%US$63.00US$41.00n/a11
Sep ’24US$49.55
US$51.50
+3.9%
12.8%US$63.00US$41.00n/a12
Aug ’24US$51.42
US$48.83
-5.0%
15.9%US$63.00US$35.00US$29.4312
Jul ’24US$47.60
US$45.93
-3.5%
15.5%US$57.00US$30.00US$30.7612
Jun ’24US$44.45
US$44.92
+1.1%
14.6%US$55.00US$30.00US$28.3911
May ’24US$38.12
US$46.46
+21.9%
15.1%US$55.00US$30.00US$36.7311
Apr ’24US$44.38
US$44.93
+1.2%
20.8%US$55.00US$23.00US$37.8212
Mar ’24US$41.19
US$44.93
+9.1%
20.8%US$55.00US$23.00US$35.7612
Feb ’24US$43.44
US$41.68
-4.1%
21.4%US$55.00US$23.00US$32.8712
Jan ’24US$32.56
US$44.33
+36.1%
15.8%US$55.00US$30.00US$37.6612
Dec ’23US$38.16
US$44.99
+17.9%
15.5%US$55.00US$30.00US$37.6911
Nov ’23US$50.38
US$51.72
+2.7%
20.4%US$71.00US$32.00US$39.1311
Oct ’23US$40.83
US$55.08
+34.9%
18.9%US$71.00US$37.00US$45.6111
Sep ’23US$44.29
US$57.50
+29.8%
17.7%US$71.00US$37.00US$49.558
Aug ’23US$49.26
US$56.71
+15.1%
19.2%US$71.00US$37.00US$51.427

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

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