Ptc Inc. (PTC)
Information Technology · Application Software · US stock · S&P 500 component
$192.98
▼ -0.17 (0.09%)
Fair valueFair
$159 −17.5% to fair value
$80fair band $95–$223$239
Day's range
$192.76 – $194.10
52-week range
$108.50 – $206.82
About Ptc Inc.
PTC develops software used by manufacturers to design, simulate, build and service physical products. Its tools cover computer-aided design, product lifecycle management, and applications for connected factories and service operations. The company earns money mostly from software subscriptions and support contracts paid by industrial customers, with a smaller part coming from perpetual licences and professional services. Its customers include makers of machinery, vehicles, electronics, aerospace equipment and medical devices.
The company reported twelve-month revenue of $3.0 billion, which expanded at 12.3% a year across the last three years. It earned an operating margin of 37.8%, and it generated a return on invested capital of 20%. Leverage, measured as net debt to EBITDA, is 0.9 times. The company does not pay a dividend. The site's X-Ray Score is 60 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $108.50 – $206.82Volume 3,141,700Daily, split-adjusted
Vitals
Market cap$22.2B
52-week range$108.50 – $206.82
Volume (last day)3,141,700
P/E (TTM)18.7
EBIT / EV yield4.8%
Free-cash-flow yield4.2%
Dividend yieldNo dividend
Revenue (TTM)$3.0B
Net income (TTM)$1.2B
Operating margin37.8%
Return on capital19.7%
Debt incl. leases$1.4B
Cash & securities$351M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$159model spread $152 – $167
Fair
−17.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.56x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $193
Undervalued < $95Fair $95 – $223Overvalued > $223
10-year DCF (market-scaled)
$187
Peer multiples
$144
Earnings power floor (not blended)
$42
Fundamentals-adjusted multiple
$146
Growth the price implies
17.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Fair
63/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.8%
Free-cash-flow yield4.2%
Fair value vs price0.8×
Growth
Fair
63/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)12.3%
EPS growth (3y)31.9%
Growth consistency80%
Profitability
Weak
48/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital19.7%
Operating margin37.8%
Gross profitability38.3%
Financial health
Fair
59/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA0.9×
Interest cover17.1×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+5.5%
Mar '25
+24.2%
Jun '25
+42.7%
Sep '25
+21.4%
Dec '25
+21.7%
Mar '26
-6.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $600M, diluted EPS $1.03.
Compare with peers
ADBE Adobe Inc.77 INTU Intuit Inc.72 FICO Fair Isaac Corp70 ADSK Autodesk, Inc.67Other Application Software companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 8 Average · ● 3 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 56/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $2.1B | $2.3B | $2.7B |
| Operating income | $381M | $447M | $458M | $588M | $982M |
| Net income | $477M | $313M | $246M | $376M | $734M |
| Operating cash flow | $369M | $435M | $611M | $750M | $868M |
| Operating margin | 21.1% | 23.1% | 21.9% | 25.6% | 35.9% |
| Free cash flow | $344M | $416M | $587M | $736M | $857M |
| Diluted EPS | $4.03 | $2.65 | $2.06 | $3.12 | $6.08 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
11 bullish · 1 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 193.5 | Bearish |
| EMA 10 | 186.4 | Bullish |
| SMA 20 | 166.7 | Bullish |
| EMA 20 | 173.9 | Bullish |
| SMA 50 | 154.1 | Bullish |
| EMA 50 | 157.3 | Bullish |
| SMA 100 | 140.3 | Bullish |
| EMA 100 | 149.6 | Bullish |
| SMA 200 | 146.0 | Bullish |
| EMA 200 | 151.2 | Bullish |
Oscillators (daily)
| RSI (14) | 78.80 | Bearish |
| MACD (12, 26) | 14.68 | Bullish |
| Momentum (12) | 37.55 | Bullish |
| Stochastic %K (14) | 95.03 | Bearish |
| Williams %R (14) | -4.97 | Bearish |
| CCI (20) | 65.65 | Neutral |
Pivot points (classic, last session)
S3 191.1 | S2 191.9 | S1 192.5 | Pivot 193.3 | R1 193.8 | R2 194.6 | R3 195.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
PTC SEC filings
5 Oct 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
31 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
7 May 2026
10-QSEC EDGAR
Quarterly report
6 May 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
16 Mar 2026
8-KSEC EDGAR
Regulation FD disclosure
11 Feb 2026
8-KSEC EDGAR
Shareholder vote results
5 Feb 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.