What is AppFolio's price / book?

AppFolio (APPF) reported price / book of 12.1× in Q1 2026.

How has AppFolio's price / book changed year-over-year?

AppFolio's price / book decreased by 30.3% year-over-year, from 17.3× to 12.1×.

What is the long-term trend for AppFolio's price / book?

Over 5 years (2020 to 2025), AppFolio's price / book has grown at a -6.7% compound annual growth rate (CAGR), from 21.8× to 15.4×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

AppFolio APPF Price / book

Price / book at other companies

ServiceTitan, Inc.TTAN

3.6×-4.2×

Fidelity National Information ServicesFIS

1.5×-1.1×

Procore TechnologiesPCOR

7.1×-1.2×

AvalonBay CommunitiesAVB

2×-0.6×

First American FinancialFAF

1.1×-0.2×

APi GroupAPG

5×+1.7×

Other financials

Income statement

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Revenue$262.2M+20.4%

Gross profit$167.2M+21.0%

Operating income$50.7M+50.2%

Net income$42.4M+35.2%

EPS (diluted)$1.18+37.2%

Balance sheet

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Cash & equivalents$147.7M+158%

Total debt$37.0M-9.1%

Total equity$470.2M+1.8%

Total assets$580.6M+2.8%

Cash flow

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Operating cash flow$34.3M-10.8%

CapEx$231.0K+0.4%

Free cash flow$34.1M-10.9%

Valuation

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Market cap$5.36B-29.0%

Enterprise value$5.25B-30.3%

P/E35.3×-3.1×

P/S5.4×-3.8×

Profitability

See full

Gross margin63.7%-0.2pp

Operating margin17.1%+0.7pp

Net margin15.3%-8.6pp

FCF margin23.6%+1.4pp

Returns & leverage

See full

Return on equity32.6%-16.5pp

Debt / equity0.1×0.0×

Current ratio3.5×-1.1×

Where this comes from

Calculated from AppFolio’s reported figures.

market cap/total stockholders equity=12.1×

Based on the most recent quarter.

The official record: AppFolio’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AppFolio's price / book?: AppFolio (APPF) reported price / book of 12.1× in Q1 2026.
How has AppFolio's price / book changed year-over-year?: AppFolio's price / book decreased by 30.3% year-over-year, from 17.3× to 12.1×.
What is the long-term trend for AppFolio's price / book?: Over 5 years (2020 to 2025), AppFolio's price / book has grown at a -6.7% compound annual growth rate (CAGR), from 21.8× to 15.4×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.