Appian price to free cash flow APPN

Market value divided by free cash flow over the last twelve months, since 2025.

Today, Oct 23, 2026: 48.9×
Peer median: 18.8×

Appian's price to free cash flow is 48.9× as of Oct 23, 2026.

The median for 10 infrastructure software stocks of a similar size is 18.8×.

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	48.9×	22.4×	48.9×
2025	36.4×	36.4×	78.6×

Against its peers

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

Company	Price to free cash flow
APPNAppian	48.9×
AVPTAvePoint	34.6×
FRSHFreshworks	17.3×
AGYSAgilysys	42.3×
SPSCSPS Commerce	16.8×
QTWOQ2	20.3×
KDKyndryl	21.7×
ALRMAlarm.com	16.8×
CCCCCC Intelligent Solutions	14.7×
WKWorkiva	23.3×
NTCTNetscout Systems	11.0×
Peer median	18.8×

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 Appian

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