Appian price to book ratio APPN

Market value divided by the book value of the company's net assets, since 2017.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 52.7×; Apr 2024
9-year median: 26.1×
9-year range: 10.3× to 71.9×
Peer median: 3.6×

Appian's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.

It was last meaningful in Apr 2024, at 52.7×.

On the days it had one over the last 9 years, its median was 26.1×, from 10.3× in Apr 2020 to 71.9× in Aug 2018.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2024	52.7×	34.6×	56.0×
2023	40.5×	13.3×	46.8×
2022	13.7×	12.4×	19.2×
2021	18.1×	18.1×	53.3×
2020	38.1×	10.3×	45.6×
2019	16.6×	16.6×	67.5×
2018	21.5×	19.4×	71.9×
2017	38.0×	22.0×	38.0×

Against its peers

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

Company	Price to book ratio
APPNAppian	n/m
AVPTAvePoint	8.0×
FRSHFreshworks	4.5×
AGYSAgilysys	10.1×
SPSCSPS Commerce	3.6×
QTWOQ2	6.7×
KDKyndryl	3.0×
ALRMAlarm.com	3.6×
CCCCCC Intelligent Solutions	2.5×
WKWorkiva	n/m
NTCTNetscout Systems	1.7×
Peer median	3.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Appian

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