APPN (Appian) Moat Score: 4/10 (As of Jun. 30, 2026)


APPN Appian Corp APPN
66 GF Score
Price $22.47
GF Value $43.12
Valuation Possible Value Trap
! 2 Warning Signs
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What is Appian Moat Score?

Appian APPN +2.46% 66 Moat Score is 4 as of Jun. 30, 2026. GuruFocus rates APPN with a GF Score™ of 66/100 and a GF Value™ of $43.12 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,844 Software companies, Appian ranks better than 90.15% on this metric.

Appian has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Appian has Narrow Moat: Appian Corp has a discernible but modest moat through its low-code automation platform, which offers some customer switching costs. However, it faces strong competition and lacks significant intellectual property or regulatory barriers.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Appian might have Narrow Moat - Discernible but modest moat.

Appian  (NAS:APPN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Appian Moat Score Related Terms

APPN vs FIVN, EVTC, RXT: Moat Score Comparison

For the Software - Infrastructure subindustry, Appian's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Software Industry

For the Software industry and Technology sector, Appian's Moat Score distribution charts can be found below:

* The bar in red indicates where Appian's Moat Score falls into.


APPN
66GF Score
Appian Corp APPN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Appian (APPN) has a Moat Score of 4 as of Jun. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Appian ranks #280 out of 2844 companies in the Software industry, placing it in the top 9.8%.
Is Appian's Moat Score too high?
Appian's current Moat Score is 4. Based on the distribution chart, Appian ranks #280 out of 2844 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 Moat Score compare to FIVN and EVTC?
According to the Software industry distribution chart, Appian ranks #280 out of 2844 companies for Moat Score. This places Appian in the top 10% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Appian's current Moat Score is 4. 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 $43.12, compared to a current price of $22.47 — trading 47.9% below its estimated fair value. The current Moat Score is 4. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Appian (APPN), the current Moat Score is 4 as of Jun. 30, 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 $22.47 is trading 47.9% below its estimated GF Value™ of $43.12. GuruFocus considers Appian to be Possible Value Trap.

Key valuation signals for APPN:

  • Moat Score: 4
  • GF Value™: $43.12 vs. price of $22.47 (47.9% below fair value)
  • GF Score™: 66/100 with 2 warning signs

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 Business Description

Other Exchanges 0HGM:UK910:Germany
Address 7950 Jones Branch Drive, McLean, VA, USA, 22102
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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$22.47
Price
$43.12
GF Value