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Appian (APPN, Infrastructure software) Stock Valuation & Fair Value

Weak on forward returns

Appian (APPN, Infrastructure software) trades at a current P/E of 51.6, about 11% below its historical normal valuation, with a forward growth estimate of 27.0% and a PEG of 1.91. Priced at its historical normal P/E of 58.1 on the same blended earnings, the 2026-11-06 close of $51.60 corresponds to about $58.10 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

DATA AS OF 2026-11-07
Current P/E
51.6
Normal P/E
58.1
PEG
1.91
Fwd growth
27.0%
Div yield
0.0%
RSI (14)
62.6
Neutral
Technical context
  • Price $51.60 at the Nov 6 close, 9.1% above the 20-day average ($47.30) and 24.2% above the 50-day ($41.54).
  • RSI (14) at 62.6.
  • 52-week range $18.72 to $54.03: the price is 4.5% below the high and 175.6% above the low.

The Street vs SeerForecast

Wall Street's mean price target for APPN is $34.80 across 5 analysts, 32.6% below the current price. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from mixed on our tests (2026-07-31) to poor on forward returns (2026-11-02). New rating rules took effect in the week of 2026-10-12, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

Current P/E and rating by weekCurrent P/E moved from 31.7 to 49.1 between 2026-07-31 and 2026-10-30, against a normal P/E of 58.1, with 6 rating changes over 14 recorded weeks.2026-07-31: P/E 31.7, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 32.2, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 32.2, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 38.8, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 38.8, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 39.3, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 39.3, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 42.1, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 42.1, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 42.1, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 42.1, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 46.2, Weak on forward returns, recorded live 2026-08-312026-09-04: P/E 46.2, Weak on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 41.3, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 41.3, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 37.1, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 37.1, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 39.7, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 39.7, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 37.7, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 37.7, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 38.0, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 38.0, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 41.2, Weak on forward returns, recorded live 2026-10-122026-10-16: P/E 41.2, Weak on forward returns, recalculated for the week of 2026-10-172026-10-16: P/E 41.9, Mixed on our tests, recorded live 2026-10-192026-10-23: P/E 52.8, Weak on forward returns, recorded live 2026-10-262026-10-30: P/E 52.8, Poor on forward returns, recalculated for the week of 2026-10-312026-10-30: P/E 49.1, Poor on forward returns, recorded live 2026-11-0240.050.0Jul 31Aug 23Sep 15Oct 7Oct 30Normal P/E 58.1
Mixed on our testsWeak on forward returnsPoor on forward returnsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 31.7-45%Mixed on our tests (recalculated)
2026-08-31P/E 46.2-20%Weak on forward returns
2026-09-07P/E 41.3-29%Mixed on our tests
2026-10-12P/E 41.2-29%Weak on forward returns (across a rating rules change)
2026-10-19P/E 41.9-28%Mixed on our tests (across a rating rules change)
2026-10-26P/E 52.8-9%Weak on forward returns
2026-10-31P/E 52.8-9%Poor on forward returns (recalculated) (across a rating rules change)
2026-11-02P/E 49.1-15%Poor on forward returns ← now
Show all 29 readings
WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 31.7-45%Mixed on our tests (recalculated)
2026-08-03P/E 32.2-44%Mixed on our tests
2026-08-07P/E 32.2-44%Mixed on our tests (recalculated)
2026-08-10P/E 38.8-33%Mixed on our tests
2026-08-14P/E 38.8-33%Mixed on our tests (recalculated)
2026-08-17P/E 39.3-32%Mixed on our tests
2026-08-21P/E 39.3-32%Mixed on our tests (recalculated)
2026-08-24P/E 42.1-28%Mixed on our tests
2026-08-27P/E 42.1-28%Mixed on our tests (recalculated)
2026-08-28P/E 42.1-28%Mixed on our tests (recalculated)
2026-08-30P/E 42.1-28%Mixed on our tests (recalculated)
2026-08-31P/E 46.2-20%Weak on forward returns
2026-09-05P/E 46.2-20%Weak on forward returns (recalculated)
2026-09-07P/E 41.3-29%Mixed on our tests
2026-09-12P/E 41.3-29%Mixed on our tests (recalculated)
2026-09-14P/E 37.1-36%Mixed on our tests
2026-09-19P/E 37.1-36%Mixed on our tests (recalculated)
2026-09-21P/E 39.7-32%Mixed on our tests
2026-09-26P/E 39.7-32%Mixed on our tests (recalculated)
2026-09-28P/E 37.7-35%Mixed on our tests
2026-10-03P/E 37.7-35%Mixed on our tests (recalculated)
2026-10-05P/E 38.0-34%Mixed on our tests
2026-10-10P/E 38.0-34%Mixed on our tests (recalculated)
2026-10-12P/E 41.2-29%Weak on forward returns (across a rating rules change)
2026-10-17P/E 41.2-29%Weak on forward returns (recalculated)
2026-10-19P/E 41.9-28%Mixed on our tests (across a rating rules change)
2026-10-26P/E 52.8-9%Weak on forward returns
2026-10-31P/E 52.8-9%Poor on forward returns (recalculated) (across a rating rules change)
2026-11-02P/E 49.1-15%Poor on forward returns ← now

Frequently asked questions

Is Appian stock overvalued?

At a current P/E of 51.6 versus its historical normal P/E of 58.1, Appian trades about 11% below its typical valuation, with a PEG of 1.91 on 27.0% forward growth. tickerseer currently rates it weak on forward returns.

What is Appian's fair value and PEG?

Appian trades at a current P/E of 51.6 against a historical normal P/E of 58.1, a PEG of 1.91, and a forward growth estimate of 27.0%. Priced at its historical normal P/E of 58.1 on the same blended earnings, the 2026-11-06 close of $51.60 corresponds to about $58.10 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Appian changed?

tickerseer's rating moved from mixed on our tests (2026-07-31) to poor on forward returns (2026-11-02). New rating rules took effect in the week of 2026-10-12, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

What is the analyst price target for Appian?

The mean Wall Street price target for Appian is $34.80 across 5 analysts, 32.6% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Infrastructure software. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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