Is AppFolio, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for AppFolio, Inc. moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 40, a Price to Book Value of 17.13, and an EV to EBITDA of 48.83. In comparison to peers, CACI International, Inc. has a more attractive P/E ratio of 39.26, while Parsons Corp. also presents a fair valuation with a P/E of 35.78.
While specific return data is not available, the absence of significant outperformance against the S&P 500 suggests that AppFolio's current valuation aligns with its recent performance. Overall, the company is positioned reasonably within its industry, reflecting a balanced valuation perspective.