Appfolio price to free cash flow APPF

Market value divided by free cash flow over the last twelve months, since 2017.

Today, Oct 23, 2026: 27.6×
10-year median: 109×
Against its 10-year history: 6th; percentile: 0 is its lowest day, 100 its highest
10-year range: 21.6× to 282×
Peer median: 16.7×

Appfolio's price to free cash flow is 27.6× as of Oct 23, 2026.

That is below its ten-year median of 109×, lower than on 94% of days in the last ten years.

Over that time it ranged from 21.6× in Apr 2026 to 282× in Jul 2023.

The median for 10 infrastructure software stocks of a similar size is 16.7×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	27.6×	21.6×	39.1×
2025	40.3×	37.8×	62.1×
2024	51.1×	42.6×	279×
2023	216×	193×	282×
2022	192×	112×	223×
2021	192×	131×	202×
2020	154×	96.7×	223×
2019	124×	65.0×	127×
2018	65.5×	50.5×	99.4×
2017	54.2×	53.8×	126×

Against its peers

Companies in Software - Infrastructure nearest Appfolio's size, closest first, today.

Company	Price to free cash flow
APPFAppfolio	27.6×
QLYSQualys	23.9×
PATHUiPath	20.3×
CVLTCommvault Systems	27.2×
OTEXOpen Text	8.4×
DBXDropbox	8.9×
YOUClear Secure	12.1×
SAICScience Applications International	9.9×
BOXBox	15.2×
PCTYPaylocity	18.9×
ACIWACI Worldwide	18.1×
Peer median	16.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Appfolio

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.