APPFOLIO INC (APPF)
Services-Prepackaged Software
Latest Price
$180.19
TTM P/E
41.14
Normalized P/E
91.37
Div Yield
--
Book Value
14.80
P/B Ratio
12.17
Valuation metrics
adjust assumptions →EPS: $3.88
Book value / share: $14.94
Formula: √(22.5 × EPS × BVPS)
Graham Number
$36.11
80% downside
Norm. op. income: $6M (median of 7yr)
Tax rate: 30%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$2.88
98% downside
Base FCF: $51M (median of recent 5yr)
Growth: 10%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$36.49
80% downside
EPS: $3.88
Target P/E: 91×
Formula: EPS × P/E
P/E Fair Value
$353.08
+96% upside
Institutional Ownership
58.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2.55M | $401.0M | 7.17% | +178.8K | 2026-03-31 |
| PRINCIPAL FINANCIAL GROUP INC | 1.51M | $237.0M | 4.24% | +259.9K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 1.49M | $234.0M | 4.18% | -- | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.05M | $165.0M | 2.95% | -- | 2026-03-31 |
| Ashe Capital Management, LP | 1.05M | $165.0M | 2.95% | -30.0K | 2026-03-31 |
| STATE STREET CORP | 721.7K | $113.0M | 2.03% | +36.0K | 2026-03-31 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 643.2K | $101.0M | 1.81% | +5.0K | 2026-03-31 |
| Nellore Capital Management LLC | 636.3K | $100.0M | 1.79% | +106.6K | 2026-03-31 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 513.4K | $81.0M | 1.44% | -155.9K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 506.3K | $79.0M | 1.42% | +33.8K | 2026-03-31 |