Appfolio Stock Analysis

APPF Stock  USD 169.29  16.99  11.16%   
At a D/E of 0.21, Appfolio's leverage level is a key analytical input. Long-term pricing trends for Appfolio starting from June 26, 2015 are outlined. All pricing has been normalized for corporate actions.
 200 Day MA
226.3073
 50 Day MA
166.574
 Beta
0.838
Macro event markers
 
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APPF is currently reading as below model estimate relative to an analyst target price of $245.99. The analysis below evaluates APPF against both fundamental value and technical price behavior. APPF's estimated value is a function of cash flow, margins, and growth trajectory — not current sentiment. Comparing financial performance with price action highlights where valuation signals align with or diverge from market behavior. APPF's current profile reflects a balance between its valuation metrics and underlying operating performance — both are examined below.
APPF holds a debt-to-equity ratio of 0.21 relative to information technology peers. After subtracting cash and equivalents, Interest-Bearing Debt Per Share stood at 1.98 as of December 31, 2025. As of yesterday, Debt To Assets are reported near 0.18, although Short and Long Term Debt Total has fallen to roughly 44.6 M. For Appfolio, the trajectory of leverage is a forward indicator: improving leverage suggests deleveraging, while worsening ratios flag capital structure stress.

Asset vs Debt

Equity vs Debt

Free Cash Flow Yield stood at 2.85% as of December 31, 2025. Per market data dated April 26, 2026, Operating Cash Flow Per Share is 7.06 based on the most recent filings, although PTB Ratio has fallen to 10.47.
 Price Book
12.7312
 Enterprise Value Ebitda
30.3334
 Price Sales
6.0139
 Shares Float
22.5 M
 Wall Street Target Price
245.9888
Appfolio reported Net Income up $57.0 million year-over-year, $140.9 million in Net Income, and a net loss attributable to common shareholders of $74.4 million.
  

Stock Analysis Notes

About 89.0% of APPF shares are held by institutions such as insurance companies. APPF had not issued any dividends in recent years. Appfolio reported $0.33 in Intangibles To Total Assets, $722.3 million in Total Assets, and a Return On Assets of 20.0%.

Gross Profit

611.97 Million
Gross Profit stood at 582.83 Million as of December 31, 2025.

Investor Insights and Alerts

Appfolio generated a negative expected return over the last 90 days
Appfolio has high historical volatility and very poor performance
Appfolio is unlikely to experience financial distress in the next 2 years
Latest headline from MacroaxisInsider: Insider Trading

Largest EPS Surprises

When Appfolio reports EPS above analyst consensus, investors often revise their forward assumptions upward. A persistent pattern of beats can gradually rerate the stock's valuation multiple. For this stock, read EPS surprises with profitability quality and forward revisions.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2016-05-09
2016-03-31-0.1-0.090.0110 
2022-02-28
2021-12-31-0.02-0.04-0.02100 
2018-02-26
2017-12-310.090.120.0333 
View All Earnings Estimates

Environmental, Social, and Governance (ESG) Scores

For Appfolio, ESG factors matter because governance, regulation, and reputation risks can directly affect financial outcomes. For Appfolio, ESG considerations carry the most weight in governance discipline and workforce stability — areas where operational risk intersects with stakeholder outcomes.

Top Institutional Investors Holding Appfolio Stock

Appfolio's institutional and insider mix shapes how the stock trades around earnings. Annual revenue is about 950.82 Million. Shares outstanding are near 24 M. The small insider stake means governance incentives come more from pay packages than direct ownership.
Shares
Df Dent & Co Inc2025-12-31
401.5 K
Amvescap Plc.2025-09-30
395.7 K
Long Walk Management, Lp2025-12-31
381.8 K
Arrowstreet Capital Limited Partnership2025-12-31
361.1 K
Citadel Advisors Llc2025-12-31
358.9 K
Caledonia (private) Investments Pty Ltd2025-12-31
332.6 K
Dimensional Fund Advisors, Inc.2025-12-31
287 K
Millennium Management Llc2025-12-31
281.5 K
Fmr Inc2025-12-31
259.7 K
Vanguard Group Inc2025-12-31
2.6 M
Blackrock Inc2025-09-30
2.4 M
At 5.99 Billion, Appfolio sits in mid-cap territory where institutional context matters most alongside valuation and volatility readings. Annual revenue is about 950.82 Million. At this size, institutional entries and exits have a more visible impact on daily volume.

Market Capitalization

Appfolio market cap comes in at 5.99 B, aligning the company with the mid-cap end of application software companies. Further market cap context comes from about 24.03 M shares outstanding, enterprise value near 5.87 B, and a workforce of about 1,702 people.

Profitability

Profitability metrics test whether Appfolio is building real earning power or just reporting one-time accounting gains. At mid-cap scale, institutional coverage and secondary-market liquidity are typically well established. Return on assets, return on equity, and cash flow deserve as much focus as earnings per share. APPF has Profit Margin (PM) of 15.0 %, which may reflect disciplined cost management and effective pricing. This exceeds the sector median. Similarly, it shows Operating Margin (OM) of 19.0 %, which entails that for every $100 of revenue, the company generated $19.0 of operating income.
Last ReportedEnd Of Year Estimate
Return On Tangible Assets 0.24 0.26
Return On Capital Employed 0.25 0.26
Return On Assets19.51%20.00%
Return On Equity25.97%27.00%

Management Efficiency

APPF has return on total asset (ROA) of 18.54 % which indicates that it generated a profit of $18.54 on every $100 of assets. This is within the expected range for the sector. Similarly, it shows a return on stockholder's equity (ROE) of 32.6 %, which implies that it generated $32.6 on every $100 invested by shareholders.
Last ReportedEnd Of Year Estimate
Book Value Per Share 15.07 15.82
Tangible Book Value Per Share 11.00 11.55
Enterprise Value Over EBITDA 45.40 60.64
Price Book Value Ratio 15.44 10.47
Enterprise Value Multiple 45.40 60.64
Price Fair Value 15.44 10.47
A leadership review of Appfolio should test whether management is creating repeatable operating progress instead of relying on one-time gains or favorable cycle conditions. Operating efficiency, capital deployment, and guidance credibility together determine how much confidence management warrants.
 Operating Margin
19.4%
 Long Term Debt Total
38.4 M
 Three Month Return
-22.65
 Short Long Term Debt Total
44.6 M
 Ten Year Return
1.2 K

Technical Drivers

As of the 26th of April, Appfolio registers 169.29 per share in market pricing. Volatility and momentum metrics display Risk Adjusted Performance of -0.1, mean deviation of 2.19, and Standard Deviation of 3.04. Quantitative signals are calculated from volatility clustering and momentum shifts. Relative strength metrics are assessed within peer group data.

Price Movement Analysis - Bollinger Bands

Execute Study
This analysis covers thirty-eight data points across the selected time horizon. Bollinger Bands are a widely used volatility indicator developed by John Bollinger. The indicator consists of three lines. Appfolio middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Appfolio. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Insider Trading Activities

The analytical value in Appfolio's insider filings lies in transaction clustering, trade size, and timing relative to price movements rather than any single filing. U.S. insider activity is disclosed through Form 4 filings, enabling analysis of transaction timing, clustering, and scale.

Outstanding Bonds

Reviewing Appfolio bond obligations provides context for understanding how much of the business is financed with fixed-income capital rather than purely with equity. At mid-cap scale, institutional coverage and secondary-market liquidity are typically well established. Bond investors and equity investors often care about the same cash flows, but they rank the risks differently.

Predictive Daily Indicators

Short-horizon indicators in Appfolio turn fast-changing price action into clearer risk and execution cues. The best setups combine these signals with strict risk limits, since short-term data can reverse fast when liquidity thins.

Corporate Filings

8K
23rd of April 2026
Report filed with the SEC to announce major events that shareholders should know about
F4
13th of April 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
8K
10th of April 2026
Report filed with the SEC to announce major events that shareholders should know about
13A
26th of March 2026
An amended filing to the original Schedule 13G
F4
11th of March 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
F4
24th of February 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
F4
19th of February 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
F3
17th of February 2026
The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock

Forecast Models

Forecasting applied to Appfolio learns from price structure, volatility patterns, and trend strength rather than commentary alone. Forecast models complement fundamental research by showing where price behavior supports or contradicts the thesis.

Financial Strength and Earnings Quality Indicators

Appfolio financial ratings play a critical role in determining how much Appfolio have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Appfolio's borrowing costs.
Piotroski F Score
5
HealthyView
Beneish M Score
-3.06
Unlikely ManipulatorView

Debt to Cash Allocation

Tracking debt and cash allocation over time can show when Appfolio is prioritizing expansion, refinancing, or capital return.
Total debt stands at approximately $71.45 M with Debt to Equity (D/E) ratio of 0.21. APPF has a current ratio of 3.0, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Appfolio's use of debt, we should always consider it together with its cash and equity.

Common Stock Shares Outstanding Over Time

Assets Financed by Debt

Debt finances 18.0% of APPF's total assets — a relatively low share of the asset base, though leverage can still appear elevated relative to peers when measured against equity rather than total assets.
Appfolio Debt Ratio
    
  18.0   
Based on reported data, most of Appfolio's assets are financed through equity. A high debt-to-asset ratio signals elevated leverage, increasing Appfolio's exposure to interest rate changes and credit tightening. It can also constrain Appfolio's borrowing capacity and reduce financial flexibility.

Corporate Bonds Issued

Bond maturity for Appfolio is a core risk dimension. Longer duration can offer higher yield, but price sensitivity and credit uncertainty also increase.

Appfolio Net Debt

Net Debt

-33.98 Million
Net Debt stood at -35.77 Million as of December 31, 2025.

Stock Analysis Methodology

How does Appfolio compare on solvency and earnings quality? The indicators below frame the answer. Appfolio trades at P/E of 26.83, P/B of 12.73. Appfolio shows ROE (TTM) of 32.6% and net margin (TTM) of 15.27%.

Appfolio data is compiled from periodic company reporting and market reference feeds and standardized for comparability. Sell-side coverage, where present, supplements the data shown.

Editorial review and methodology oversight provided by: Ellen Johnson, Member of Macroaxis Editorial Board

Current Appfolio Analyst Rating Consensus

Target PriceConsensus# of Analysts
245.99Buy8Odds
Analyst recommendations for Appfolio are summarized from various research providers. The summary includes average consensus context. Professional analyst coverage of Appfolio provides individual investors with access to institutional-quality research. The spread between the highest and lowest Appfolio price targets reflects the degree of analytical disagreement.
Appfolio Analyst Advice Details

Appfolio Stock Analysis Indicators

Diagnostics snapshot includes 18 indicators such as Begin Period Cash Flow, Common Stock Shares Outstanding, Total Stockholder Equity.
Begin Period Cash Flow42.8 M
Common Stock Shares Outstanding36.3 M
Total Stockholder Equity542.6 M
Total Cashflows From Investing Activities10.2 M
Tax Provision20.2 M
Quarterly Earnings Growth Y O Y0.372
Property Plant And Equipment Net39.2 M
Cash And Short Term Investments251.5 M
Cash107.2 M
Accounts Payable4.1 M
Net Debt-35.8 M
50 Day M A166.574
Total Current Liabilities106.8 M
Other Operating Expenses797.9 M
Non Current Assets Total380.1 M
Forward Price Earnings128.2051
Non Currrent Assets Other25.3 M
Stock Based Compensation70.8 M