AppFolio
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
66.6159.87
Price/Sales ratio
10.138.47
Earnings per Share (EPS)
$4.07$4.53

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-42.07-19.88-95.4144.57101.22103.0838.944.07K-54.162.28K-66.06103.08
Price/Sales ratio
7.604.157.489.7610.6314.6019.8911.647.819.949.5314.60
Price/Book Value ratio
-7.044.2811.3316.5122.0028.3421.5714.0713.8920.7616.9428.34
Price/Cash Flow ratio
763.69-45.5168.6947.8255.7296.17127.72118.27145.45102.38177.4155.72
Price/Free Cash Flow ratio
-60.44-17.08-202.0484.1092.44381.441.91K1.56K891.79120.451.08K92.44
Price/Earnings Growth ratio
-2.35-0.161.45-0.660.971.260.11-40.980.00-21.980.011.26
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
52.68%54.78%57.73%61.55%61.30%60.29%61.61%59.94%59.34%61.62%59.34%60.29%
Operating Profit Margin
-17.95%-20.01%-7.97%6.49%10.34%2.52%3.15%-3.30%-15.33%0.15%-15.33%2.52%
Pretax Profit Margin
-18.08%-20.79%-7.77%6.79%10.72%1.88%63.48%0.48%-14.13%1.28%-14.13%1.88%
Net Profit Margin
-18.08%-20.89%-7.84%6.75%10.50%14.17%51.08%0.28%-14.43%0.43%-14.43%14.17%
Effective Tax Rate
0.68%-0.48%-0.81%0.59%2.06%-652.27%19.52%40.71%-2.10%66.21%-2.10%-652.27%
Return on Assets
-33.89%-17.31%-8.94%8.81%11.36%13.94%40.67%0.25%-17.86%0.66%-17.86%13.94%
Return On Equity
16.75%-21.55%-11.88%11.42%21.73%27.49%55.40%0.34%-25.65%0.90%-24.97%27.49%
Return on Capital Employed
-71.88%-20.39%-11.82%10.81%13.32%3.03%2.88%-3.34%-22.62%0.28%-22.62%3.03%
Liquidity Ratios
Current Ratio
N/A1.621.502.253.821.304.00N/AN/AN/A3.281.30
Quick Ratio
0.571.621.502.253.821.304.003.013.283.902.871.30
Cash ratio
0.400.710.500.672.620.332.811.091.150.701.151.15
Days of Sales Outstanding
9.119.968.688.5910.5910.7811.8312.7912.7612.1812.7610.59
Days of Inventory outstanding
N/AN/AN/A0.00N/A0.00N/A0.000.00N/AN/A0.00
Operating Cycle
9.119.968.688.5910.5910.7811.8312.7912.7612.183.1410.78
Days of Payables Outstanding
33.7825.507.664.027.346.913.184.324.701.744.706.91
Cash Conversion Cycle
-24.67-15.531.014.563.243.868.658.478.0510.438.053.24
Debt Ratios
Debt Ratio
N/AN/AN/AN/A0.280.18N/AN/AN/AN/A0.300.28
Debt Equity Ratio
N/AN/AN/AN/A0.540.36N/AN/AN/AN/A0.430.36
Long-term Debt to Capitalization
N/AN/AN/AN/A0.340.26N/AN/AN/AN/A0.150.26
Total Debt to Capitalization
N/AN/AN/AN/A0.350.26N/AN/AN/AN/AN/A0.26
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-61.12N/A
Cash Flow to Debt Ratio
N/AN/AN/AN/A0.720.80N/AN/AN/AN/AN/A0.80
Company Equity Multiplier
-0.491.241.321.291.911.971.361.371.431.371.431.97
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.00-0.090.100.200.190.150.150.090.050.090.050.15
Free Cash Flow / Operating Cash Flow Ratio
-12.632.66-0.340.560.600.250.060.070.160.850.160.25
Cash Flow Coverage Ratio
N/AN/AN/AN/A0.720.80N/AN/AN/AN/AN/A0.80
Short Term Coverage Ratio
N/AN/AN/AN/A29.8932.19N/AN/AN/AN/AN/A32.19
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A