Appian Corporation (APPN) Financial Ratios
11 years of historical data (2015–2025) · Technology · Software - Infrastructure
EV/EBITDA
170.58
↓-38% vs avg
5yr avg: 276.65
P/FCF
↓
26.02
↓-94% vs avg
5yr avg: 412.97
30Y Low44.4·High44.4
P/B Ratio
↑
N/A
—
5yr avg: 29.53
30Y Low12.2·High52.6
ROE
↓
N/A
—
5yr avg: -290.5%
30Y Low-174%·High-13%
Debt/EBITDA
33.48
+0% vs avg
5yr avg: 33.48
30Y Low33.5·High33.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
APPN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Appian Corporation trades at 1269.7x earnings, 41% below its 5-year average of 2146.7x, sitting at the 50th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 4277%. On a free-cash-flow basis, the stock trades at 26.0x P/FCF, 94% below the 5-year average of 413.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $2.6B | $2.4B | $2.8B | $2.4B | $4.6B | $11.2B | $2.5B | $1.7B | $1.6B | — |
| Enterprise Value | $1.8B | $2.9B | $2.6B | $2.9B | $2.4B | $4.6B | $11.1B | $2.4B | $1.6B | $1.5B | — |
| P/E Ratio → | 1269.70 | 2146.67 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.13 | 3.64 | 3.90 | 5.05 | 5.04 | 12.54 | 36.75 | 9.61 | 7.32 | 8.82 | — |
| P/B Ratio | — | — | — | 52.60 | 16.19 | 19.80 | 37.74 | 12.19 | 22.68 | 34.25 | — |
| P/FCF | 26.02 | 44.40 | 781.54 | — | — | — | — | — | — | — | — |
| P/OCF | 24.65 | 42.05 | 349.98 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
APPN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Appian Corporation's enterprise value stands at 170.6x EBITDA, 38% below its 5-year average of 276.7x. The Technology sector median is 16.7x, placing the stock at a 919% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.93 | 4.22 | 5.28 | 5.12 | 12.43 | 36.57 | 9.20 | 6.90 | 8.40 | — |
| EV / EBITDA | 170.58 | 276.65 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 2889.21 | 104.55 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 47.92 | 845.32 | — | — | — | — | — | — | — | — |
APPN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Appian Corporation earns an operating margin of 0.1%. Operating margins have expanded from -19.8% to 0.1% over the past 3 years, signaling improving operational efficiency. ROIC of 0.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.5% | 72.5% | 75.7% | 73.7% | 71.5% | 71.8% | 70.9% | 64.0% | 62.5% | 63.5% | 62.3% |
| Operating Margin | 0.1% | 0.1% | -9.9% | -19.8% | -31.0% | -22.7% | -12.4% | -19.4% | -20.6% | -18.0% | -8.6% |
| Net Profit Margin | 0.2% | 0.2% | -15.0% | -20.4% | -32.2% | -24.0% | -11.0% | -19.5% | -21.8% | -17.5% | -9.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -936.6% | -112.5% | -79.5% | -33.4% | -13.3% | -36.4% | -83.3% | -165.6% | — |
| ROA | 0.2% | 0.2% | -14.8% | -18.2% | -27.5% | -17.4% | -7.6% | -16.8% | -25.1% | -23.5% | -13.4% |
| ROIC | 0.3% | 0.3% | -26.5% | -44.7% | -58.5% | -29.1% | -16.7% | -99.8% | — | — | — |
| ROCE | 0.2% | 0.2% | -23.3% | -37.2% | -47.3% | -26.0% | -12.3% | -27.7% | -54.7% | -68.7% | -40.2% |
APPN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Appian Corporation carries a Debt/EBITDA ratio of 33.5x, which is highly leveraged (1038% above the sector average of 2.9x). Net debt stands at $210M ($345M total debt minus $136M cash). Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 5.30 | 1.26 | 0.24 | 0.20 | 0.25 | — | — | — |
| Debt / EBITDA | 33.48 | 33.48 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | 2.45 | 0.25 | -0.19 | -0.18 | -0.52 | -1.30 | -1.62 | — |
| Net Debt / EBITDA | 20.32 | 20.32 | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 3.52 | 63.78 | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.31 | 1.31 | -2.87 | -5.06 | -88.80 | -235.19 | -67.19 | -134.95 | -247.55 | -62.95 | -13.40 |
APPN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.15x means Appian Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.15 | 1.15 | 1.23 | 1.12 | 1.56 | 1.57 | 2.34 | 2.47 | 1.63 | 1.53 | 1.16 |
| Quick Ratio | 1.15 | 1.15 | 1.23 | 1.12 | 1.56 | 1.57 | 2.34 | 2.47 | 1.63 | 1.53 | 1.16 |
| Cash Ratio | 0.41 | 0.41 | 0.45 | 0.43 | 0.73 | 0.72 | 1.43 | 1.42 | 0.74 | 0.78 | 0.41 |
| Asset Turnover | — | 1.05 | 0.99 | 0.87 | 0.79 | 0.73 | 0.59 | 0.70 | 0.97 | 1.10 | 1.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 139.81 | 115.39 | 114.82 | 129.44 | 128.55 | 116.58 | 98.71 | 127.79 | 114.24 | 128.55 |
APPN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Appian Corporation returns 1.3% to shareholders annually primarily through share buybacks. The earnings yield of 0.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 0.5% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.0% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.8% | 2.3% | 0.1% | — | — | — | — | — | — | — | — |
| Buyback Yield | 1.3% | 0.8% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | — |
| Total Shareholder Yield | 1.3% | 0.8% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | — |
| Shares Outstanding | — | $75M | $73M | $73M | $72M | $71M | $69M | $65M | $62M | $50M | $55M |
Peer Comparison
Compare APPN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 APPNYou | $2B | 1269.7 | 170.6 | 26.0 | 72.5% | 0.1% | — | 0.3% | 33.5 |
 PEGA | $5B | 14.1 | 17.1 | 10.4 | 75.9% | 15.1% | 57.3% | 27.2% | 0.3 |
 AGYS | $2B | 64.3 | 47.4 | 36.2 | 61.9% | 12.6% | 13.1% | 12.8% | 0.4 |
 OSPN | $506M | 7.1 | 6.8 | 10.0 | 70.7% | 20.6% | 30.1% | 21.7% | 0.1 |
 NOW | $98B | 56.9 | 38.2 | 21.5 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 SAIL | $8B | -25.6 | — | 146.1 | 64.5% | -28.7% | -42.9% | -25.0% | — |
 MNDY | $4B | 31.9 | 207.0 | 11.8 | 89.2% | -0.1% | 10.4% | -2.4% | 25.9 |
 TEAM | $22B | -84.4 | — | 15.3 | 82.8% | -2.5% | -21.6% | -110.3% | — |
 FROG | $10B | -133.4 | — | 70.4 | 76.8% | -16.9% | -8.6% | -8.6% | — |
 CRM | $124B | 19.5 | 10.7 | 8.6 | 77.7% | 21.5% | 12.4% | 10.1% | 1.4 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 11 years · Updated daily
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APPN — Frequently Asked Questions
Quick answers to the most common questions about buying APPN stock.
What is Appian Corporation's P/E ratio?
Appian Corporation's current P/E ratio is 1269.7x. This places it at the 50th percentile of its historical range.
What is Appian Corporation's EV/EBITDA?
Appian Corporation's current EV/EBITDA is 170.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Is APPN stock overvalued?
Based on historical data, Appian Corporation is trading at a P/E of 1269.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Appian Corporation's profit margins?
Appian Corporation has 72.5% gross margin and 0.1% operating margin.
How much debt does Appian Corporation have?
Appian Corporation's Debt/EBITDA ratio is 33.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.