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AppFolio Valuation Multiples

Discover revenue and EBITDA valuation multiples for AppFolio and similar public comparables like Eleco, Ming Yuan Cloud Group, and MapsPeople.

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

United States of America
Employees

1.6K+

Website

appfolioinc.com

Financials

LTM Revenue $850M

LTM EBITDA $231M

EV

$7.4B

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AppFolio Financials

AppFolio has a last 12-month revenue (LTM) of $850M and a last 12-month EBITDA of $231M.

In the most recent fiscal year, AppFolio achieved revenue of $794M and an EBITDA of $155M.

AppFolio expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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AppFolio P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $850M XXX $794M XXX XXX XXX
Gross Profit $549M XXX $512M XXX XXX XXX
Gross Margin 65% XXX 64% XXX XXX XXX
EBITDA $231M XXX $155M XXX XXX XXX
EBITDA Margin 27% XXX 20% XXX XXX XXX
EBIT $145M XXX $136M XXX XXX XXX
EBIT Margin 17% XXX 17% XXX XXX XXX
Net Profit $172M XXX $204M XXX XXX XXX
Net Margin 20% XXX 26% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

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AppFolio Stock Performance

As of May 30, 2025, AppFolio's stock price is $211.

AppFolio has current market cap of $7.6B, and EV of $7.4B.

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AppFolio Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$7.4B $7.6B XXX XXX XXX XXX $4.68

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AppFolio Valuation Multiples

As of May 30, 2025, AppFolio has market cap of $7.6B and EV of $7.4B.

AppFolio's trades at 9.4x EV/Revenue multiple, and 47.8x EV/EBITDA.

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 44.1x.

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AppFolio Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $7.6B XXX $7.6B XXX XXX XXX
EV (current) $7.4B XXX $7.4B XXX XXX XXX
EV/Revenue 8.8x XXX 9.4x XXX XXX XXX
EV/EBITDA 32.2x XXX 47.8x XXX XXX XXX
EV/EBIT 51.2x XXX 54.8x XXX XXX XXX
EV/Gross Profit 13.5x XXX n/a XXX XXX XXX
P/E 44.1x XXX 37.3x XXX XXX XXX
EV/FCF 38.5x XXX 41.1x XXX XXX XXX

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AppFolio Margins & Growth Rates

AppFolio's last 12 month revenue growth is 17%

AppFolio's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.

AppFolio's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

AppFolio's rule of X is 69% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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AppFolio Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 17% XXX 17% XXX XXX XXX
EBITDA Margin 27% XXX 20% XXX XXX XXX
EBITDA Growth 19% XXX 190% XXX XXX XXX
Rule of 40 21% XXX 36% XXX XXX XXX
Bessemer Rule of X XXX XXX 69% XXX XXX XXX
Revenue per Employee XXX XXX $0.5M XXX XXX XXX
Opex per Employee XXX XXX $0.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 14% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 20% XXX XXX XXX
Opex to Revenue XXX XXX 47% XXX XXX XXX

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AppFolio Public Comps

See public comps and valuation multiples for Real Estate Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
PEXA Group XXX XXX XXX XXX XXX XXX
Urbanise XXX XXX XXX XXX XXX XXX
MapsPeople XXX XXX XXX XXX XXX XXX
Ming Yuan Cloud Group XXX XXX XXX XXX XXX XXX
Eleco 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 and Investment Activity

AppFolio acquired  XXX companies to date.

Last acquisition by AppFolio was  XXXXXXXX, XXXXX XXXXX XXXXXX . AppFolio acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by AppFolio

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About AppFolio

When was AppFolio founded? AppFolio was founded in 2007.
Where is AppFolio headquartered? AppFolio is headquartered in United States of America.
How many employees does AppFolio have? As of today, AppFolio has 1.6K+ employees.
Who is the CEO of AppFolio? AppFolio's CEO is Mr. William Shane Trigg.
Is AppFolio publicy listed? Yes, AppFolio is a public company listed on NAS.
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? Similar companies to AppFolio include e.g. PEXA Group, Urbanise, MapsPeople, Ming Yuan Cloud Group.
What is the current market cap of AppFolio? AppFolio's current market cap is $7.6B
What is the current revenue of AppFolio? AppFolio's last 12 months revenue is $850M.
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 8.8x.
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 $231M.
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 32.2x.
What is the current FCF of AppFolio? AppFolio's last 12 months FCF is $193M.
What is AppFolio's FCF margin? AppFolio's last 12 months FCF margin is 23%.
What is the current EV/FCF multiple of AppFolio? Current FCF multiple of AppFolio is 38.5x.

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