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AppFolio Valuation Multiples
Discover revenue and EBITDA valuation multiples for AppFolio and similar public comparables like EverCommerce, PEXA Group, Altus Group, Vitec Software and more.
AppFolio Overview
About AppFolio
AppFolio Inc provides cloud-based software solutions for the real estate industry. Its property management software offers property managers an end-to-end solution to their business needs. The group's products include cloud-based property management software (Appfolio Property Manager). Its solutions are AppFolio Property Manager Core, AppFolio Property Manager Plus, and AppFolio Property Manager Max. It also offers value-added services, such as screening, risk mitigation, and electronic payment services. Its markets are Single-Family, Multifamily, Student Housing, Affordable Housing, Community Associations, Commercial, and Investment Management. The business activity of the firm predominantly functions in the United States and it generates revenue in the form of subscription fees.
Founded
2007
HQ
Employees
1.7K
Website
Financials (LTM)
EV
$5B
AppFolio Financials
AppFolio reported last 12-month revenue of $1000M and EBITDA of $267M.
In the same LTM period, AppFolio generated $640M in gross profit, $267M in EBITDA, and $206M in net income.
Revenue (LTM)
AppFolio P&L
In the most recent fiscal year, AppFolio reported revenue of $951M and EBITDA of $247M.
AppFolio expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1000M | XXX | $951M | XXX | XXX | XXX |
| Gross Profit | $640M | XXX | $605M | XXX | XXX | XXX |
| Gross Margin | 64% | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $267M | XXX | $247M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 26% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $206M | XXX | $192M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 20% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
AppFolio Stock Performance
AppFolio has current market cap of $6B, and enterprise value of $5B.
Market Cap Evolution
AppFolio's stock price is $156.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $6B | 0.0% | XXX | XXX | XXX | $5.34 |
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Start Free TrialAppFolio Valuation Multiples
AppFolio trades at 5.4x EV/Revenue multiple, and 20.3x EV/EBITDA.
EV / Revenue (LTM)
AppFolio Financial Valuation Multiples
As of April 20, 2026, AppFolio has market cap of $6B and EV of $5B.
Equity research analysts estimate AppFolio's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
AppFolio has a P/E ratio of 27.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 5.4x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 20.3x | XXX | 22.0x | XXX | XXX | XXX |
| EV/EBIT | 21.3x | XXX | 23.1x | XXX | XXX | XXX |
| EV/Gross Profit | 8.5x | XXX | 8.9x | XXX | XXX | XXX |
| P/E | 27.3x | XXX | 29.3x | XXX | XXX | XXX |
| EV/FCF | 22.0x | XXX | 23.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified AppFolio Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
AppFolio Margins & Growth Rates
AppFolio's revenue in the last 12 month grew by 17%.
AppFolio's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
AppFolio's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
AppFolio's rule of X is 72% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
AppFolio Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Growth | 26% | XXX | 28% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | 15% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 18% | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 48% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
AppFolio Public Comps
See public comps and valuation multiples for other Real Estate Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| AppFolio | XXX | XXX | XXX | XXX | XXX | XXX |
| EverCommerce | XXX | XXX | XXX | XXX | XXX | XXX |
| PEXA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Altus Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Vitec Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Porch Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
AppFolio M&A Activity
AppFolio acquired XXX companies to date.
Last acquisition by AppFolio was on XXXXXXXX, XXXXX. AppFolio acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by AppFolio
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAppFolio Investment Activity
AppFolio invested in XXX companies to date.
AppFolio made its latest investment on XXXXXXXX, XXXXX. AppFolio invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by AppFolio
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout AppFolio
| When was AppFolio founded? | AppFolio was founded in 2007. |
| Where is AppFolio headquartered? | AppFolio is headquartered in United States. |
| How many employees does AppFolio have? | As of today, AppFolio has over 1K employees. |
| Who is the CEO of AppFolio? | AppFolio's CEO is William Shane Trigg. |
| Is AppFolio publicly listed? | Yes, AppFolio is a public company listed on Nasdaq. |
| What is the stock symbol of AppFolio? | AppFolio trades under APPF ticker. |
| When did AppFolio go public? | AppFolio went public in 2015. |
| Who are competitors of AppFolio? | AppFolio main competitors are EverCommerce, PEXA Group, Altus Group, Vitec Software. |
| What is the current market cap of AppFolio? | AppFolio's current market cap is $6B. |
| What is the current revenue of AppFolio? | AppFolio's last 12 months revenue is $1000M. |
| What is the current revenue growth of AppFolio? | AppFolio revenue growth (NTM/LTM) is 17%. |
| What is the current EV/Revenue multiple of AppFolio? | Current revenue multiple of AppFolio is 5.4x. |
| Is AppFolio profitable? | Yes, AppFolio is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of AppFolio? | AppFolio's last 12 months EBITDA is $267M. |
| What is AppFolio's EBITDA margin? | AppFolio's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of AppFolio? | Current EBITDA multiple of AppFolio is 20.3x. |
| What is the current FCF of AppFolio? | AppFolio's last 12 months FCF is $246M. |
| What is AppFolio's FCF margin? | AppFolio's last 12 months FCF margin is 25%. |
| What is the current EV/FCF multiple of AppFolio? | Current FCF multiple of AppFolio is 22.0x. |
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