AppianAPPN +1.91%66 Market Cap is $1,678.9 Mil as of Jul. 01, 2026. GuruFocus rates APPN with a GF Score™ of 66/100 and a GF Value™ of $43.19 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,927 Software companies, Appian ranks better than 87.5% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Appian's share price for the quarter that ended in Mar. 2026 was $24.11. Appian's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 73.5 Mil. Therefore, Appian's market cap for the quarter that ended in Mar. 2026 was $1,772.4 Mil.
Appian's quarterly market cap
increased
from Sep. 2025 ($2,256.6 Mil) to Dec. 2025 ($2,619.5 Mil) but then
declined
from Dec. 2025 ($2,619.5 Mil) to Mar. 2026 ($1,772.4 Mil).
Appian's annual market cap
declined
from Dec. 2023 ($2,763.0 Mil) to Dec. 2024 ($2,441.5 Mil) but then
increased
from Dec. 2024 ($2,441.5 Mil) to Dec. 2025 ($2,619.5 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Appian's Enterprise Value for Today is $1,768.2 Mil.
Appian (NAS:APPN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Appian Market Cap Related Terms
Appian Market Cap Historical Data
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The historical data trend for Appian's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Infrastructure subindustry, Appian's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Appian Market Cap vs Software Industry
For the Software industry and Technology sector, Appian's Market Cap distribution charts can be found below:
* The bar in red indicates where Appian's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Appian's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Appian (APPN) has a Market Cap of $1,678.9 Mil as of Jul. 01, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Appian and its competitors. According to the industry distribution chart, Appian ranks #366 out of 2927 companies in the Software industry, placing it in the top 12.5%.
Is Appian's Market Cap too high?
Appian's current Market Cap is $1,678.9 Mil. The Software industry median Market Cap is 66.69. Appian's value of $1,678.9 Mil is 2417.4% above this industry median. Based on the distribution chart, Appian ranks #366 out of 2927 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Appian has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Appian's Market Cap compare to FIVN and EVTC?
According to the Software industry distribution chart, Appian ranks #366 out of 2927 companies for Market Cap. This places Appian in the top 13% of its industry — outperforming the majority of peers. The industry median Market Cap is 66.69. Appian's value of $1,678.9 Mil is 2417.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 66.69, based on 2,927 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Appian's current Market Cap of $1,678.9 Mil is 2417.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Appian and its competitors. For the Software industry, the median Market Cap is 66.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appian's current Market Cap is $1,678.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appian stock overvalued right now?
Based on GuruFocus' analysis, Appian (APPN) is currently considered Possible Value Trap. The stock's GF Value™ is $43.19, compared to a current price of $22.87 — trading 47% below its estimated fair value. The current Market Cap is $1,678.9 Mil and 2417.4% above the Software industry median of 66.69. Appian's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Appian (APPN), the current Market Cap is $1,678.9 Mil as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Appian (APPN) Overvalued in 2026?
Based on GuruFocus' analysis, Appian stock appears to be undervalued.
The current stock price of $22.87 is trading 47% below its estimated GF Value™ of $43.19.
GuruFocus considers Appian to be Possible Value Trap.
Key valuation signals for APPN:
Market Cap: $1,678.9 Mil
GF Value™: $43.19 vs. price of $22.87 (47% below fair value)
Industry Position: 2417.4% above the Software median (#366 of 2927)
No single metric tells the full story. See the APPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Appian Corp is a low-code enterprise platform-as-a-service company focusing on business process management. The company's Appian platform is an integrated automation platform providing tools for organizations to design, automate, and optimize end-to-end processes and complex business operations. The company also provides maintenance and support as well as consulting services and training related to its platform. The majority of its revenue is subscription-based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform. Geographically, the company derives maximum revenue from its Domestic operations, and also has its presence Internationally.
66GF Score
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