Valuation dashboard for PTC Inc. (PTC) with P/E 18.89, P/B 6.46, EV/EBITDA 18.0 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
PTC Inc. operates as a global provider of software and services, with its market presence extending across the Americas, Europe, and the Asia Pacific regions. The company's business is organized into two primary divisions: Software Products and Professional Services. Among its key offerings is the ThingWorx platform, which furnishes enterprises with a suite of functionalities to drive digital innovation across their operations.
What would it be worth at its usual multiples?
Versus its usual multiples: expensive · It trades at 18.9 times its last-12-month earnings, but 27 % of its pre-tax income came from outside the business. Without it, at 25.9 times; above the 25 we take as the limit. It is expensive.
It trades at 18.9 times its last-12-month earnings, but 27 % of its pre-tax income came from outside the business. Without it, at 25.9 times; above the 25 we take as the limit. It is expensive.
These are its accounting earnings for the last 12 months without the result from outside the business, not what analysts expect: that is why it does not match the forward P/E you will see elsewhere.
Why is PTC Inc.'s P/E so low?
PTC Inc. trades at a P/E of 18.9× on reported earnings, but over the last 12 months 27 % of its pre-tax income ($413M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 25.9×. On analysts' expected earnings for 2027, its P/E is 21.9×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $434M | −$5.5M | $348M |
| December 31, 2025 | $221M | −$18.2M | $167M |
| March 31, 2026 | $296M | $451M | $591M |
| June 30, 2026 | $167M | −$14.1M | $119M |
Analysis Summary
PTC Inc. reported revenue of $2.74B in the most recent fiscal year, growing at a 5-year CAGR of 13.4%. Net income reached $734.0M, with a 41.2% 5-year CAGR.
Trailing-twelve-month margins: gross margin 84.1%, operating margin 37.8%, net margin 41.4%.
At $195.54 (closing price, October 30, 2026), PTC trades at a P/E of 18.89 and an ROE of 32.64%. Market capitalisation stands at $21.2B, placing it among large-cap names.
Balance sheet quality for PTC: debt-to-equity ratio of 0.46, current ratio of 1.03 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 18.89 |
| Price / Book | 6.46 |
| EV / EBITDA | 18.0 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| PTC | PTC Inc. | $21.2B | 18.89 | 6.46 | 32.6% |
| ADSK | Autodesk, Inc. | $52.2B | 32.29 | 15.49 | 52.5% |
| TRMB | Trimble Inc. | $15.1B | 2.96 | -1.9% | |
| BSY | Bentley Systems, Incorporated | $11.9B | 45.44 | 10.61 | 24.1% |
| SHOP.TO | Shopify Inc. | CAD 286.0B | 105.70 | 16.08 | 15.1% |
| SAP | SAP SE | $273.9B | 29.80 | 5.29 | 17.8% |
| 0VHA.L | Shopify Inc. | $219.9B | 113.21 | 17.22 | 15.1% |
| SHOP | Shopify Inc. | $204.4B | 105.70 | 16.08 | 15.1% |
Price
| Price | $195.54 (closing price, October 30, 2026) |
| Market Cap | $21.2B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 32.64% |
| Return on Invested Capital | 17.10% |
| Return on Assets | 18.79% |
| Gross Margin | 84.09% |
| Operating Margin | 37.81% |
| Net Margin | 41.43% |
Related companies: ADSK · TRMB · BSY · SHOP.TO · SAP · 0VHA.L · SHOP · CRM
Explore sector: Technology · Software - Application
More sections of PTC: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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