Appian Corp (APPN)

Services-Prepackaged Software

Latest Price

$35.27

TTM P/E

Normalized P/E

Div Yield

Book Value

0.93

P/B Ratio

37.90

Valuation metrics

Base FCF: $31M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$30.77

13% downside

EPS: $0.02

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$0.30

99% downside

52.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Vanguard Portfolio Management LLC	4.19M	$95.0M	5.83%	+24.2K	2026-06-30
BlackRock, Inc.	3.58M	$81.0M	4.99%	+354.2K	2026-06-30
Fivespan Partners, LP	3.51M	$80.0M	4.89%	--	2026-06-30
Lead Edge Capital Management, LLC	2.88M	$65.0M	4.01%	+972.9K	2026-06-30
RPD Fund Management LLC	1.86M	$42.0M	2.59%	-2.06M	2026-06-30
Vanguard Capital Management LLC	1.67M	$38.0M	2.33%	-3.4K	2026-06-30
AQR Capital Management LLC	1.41M	$32.0M	1.97%	+453.4K	2026-06-30
First Trust Advisors LP	1.40M	$32.0M	1.95%	+45.1K	2026-06-30
Arrowstreet Capital, Limited Partnership	1.38M	$31.0M	1.93%	-135.0K	2026-06-30
State Street Corp	1.09M	$24.0M	1.51%	+61.8K	2026-06-30