PTC Inc (PTC) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of PTC Inc stock $214, price $195, upside +9.5%, quality 80 out of 100. Rating: fairly valued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range $97.62 – $216.53 · fair‑value band $129.54 – $318.07 · the $195.18 price screens below the $213.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific.
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The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, field service, and end-of-life processes; ThingWorx, an Industrial Internet of Things software; ServiceMax, a service lifecycle management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools, and deliver metrics; and Arena, a SaaS PLM solution enables product teams to collaborate virtually to share product and quality information with internal teams and supply chain partners and deliver products to customers.
It offers Codebeamer, an application lifecycle management for products and software development; Servigistics, a service parts management solution; and FlexPLM, a platform for merchandising and line planning, materials management, sampling, and others.
In addition, it offers Kepware, an enterprise industrial connectivity solution; Kepware Edge, a Linux-based industrial communications platform; KEPServerEX, an industrial connectivity solution for small projects; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Onshape, a SaaS product development platform that delivers computer-aided design with data management, collaboration tools, and real-time analytics.
Further, it offers Vuforia, an augmented reality (AR) software; and Arbortext, a dynamic publishing solution streamlines how organizations create, manage, and publish technical documentation. Additionally, the company provides PTC Products; PTC Mathcad; and augmented reality product.
PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.
Stock analysis
PTC Inc (PTC) currently trades at $195.18, while our model-based Fair Value estimate is $213.74, so the stock looks roughly fairly valued today (gap 8.7%).
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Valuation
Bull case: the Multiples group reads highest at a median of $174.30 per share, and 1 of the 22 models we run sit above the $195.18 price.
Bear case: the Economic Profit group reads lowest at $54.74, and 21 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $129.54 (bear) to $318.07 (bull), the price of $195.18 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 80/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
PTC Inc reported revenue of $2.7B in FY2025 versus $1.8B in FY2021, a compound +11.0%/yr. Reported net income was $734M in FY2025, compounding +11.4%/yr from FY2021.
Key figures
Market cap $22.4B Large · P/E ratio 18.9 · P/S ratio 7.60 · EPS (TTM) $10.31 · Net margin 41.4% · Return on equity 35.1% · Return on assets (EBIT) 9.9% · Operating margin 28.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 84 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 74% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 10%, PTC screens richer than that median.
Fair Value models
Bear$129.54Fair Value $213.74Bull$318.07
Price $195.18 · Upside +9.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($10.31 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $461,560 and none bought.
SaleCorinna LathanDirector2× since Mar 16, 2026: 2,425 shares, avg. $185.03$448,700Oct 5, 202610b5-1 plan
SaleAlice ChristensonChief Accounting Officer2× since Nov 25, 2025: 2,139 shares, avg. $162.96$348,564May 12, 2026
SaleAaron C Von StaatsEVP, Chief Legal Officer3× since Dec 8, 2025: 9,207 shares, avg. $170.19$1.6MMar 3, 202610b5-1 plan
SaleKristian TalvitieEVP, Chief Financial Officer2× since Dec 5, 2025: 54,949 shares, avg. $173.22$9.5MDec 9, 2025
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
Start year 2020 (pandemic). Over 10 years: +8.1% a year
Revenue growth 36 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+29.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.7% vs 20.6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 36%
2025 sits 130% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +11.4% a year for the price and +0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: PTC benefits from high-quality recurring revenues from manufacturers' relied-upon product lifecycle management and design tools, yet thin durable evidence on switching costs and integration value leaves business quality uncertain.
Main risk: Larger competitors Siemens and Dassault Systèmes with broader industrial platforms might win customers from PTC's Creo and Windchill offerings or force price concessions in the PLM and CAD markets.
Bull case: PTC could integrate its PLM data assets with Schneider's automation and energy tools to create differentiated AI-driven industrial solutions that strengthen its position against pure software rivals.
Bear case: Intensified competition from Siemens and Dassault or prolonged regulatory delays around the Schneider deal might limit PTC's ability to expand its recurring revenue base and erode its standalone platform advantages.
PTC generates high-quality recurring revenues from its product lifecycle management and design tools that manufacturers rely on across the full product journey. The announced tie-up with Schneider Electric seeks to connect those capabilities with energy management and industrial automation for expanded AI-driven outcomes. Will the core durability of PTC's data platform create more value on its own than through integration into the broader combined offering?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 634 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+9.5% · Above median
Profitability
Return on equity (12 months)35.1% · Top 25%
Return on assets11.1% · Top 25%
Net margin (12 months)41.4% · Top 25%
Operating margin (12 months)28.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−6.8% · Bottom 25%
Balance sheet
Debt / equity0.31× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)18.9× · Cheaper than median
P/B5.87× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PTC Inc Fair Value". https://www.fairvalue-calculator.com/stock/PTC
Frequently asked questions
Is PTC Inc (PTC) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $213.74 versus a price of $195.18, about +10% upside (fairly valued).
What is the fair value of PTC?
Our model-based fair value for PTC Inc is $213.74 (as of Nov 3, 2026), built from audited fundamentals. The current price: $195.18.
What is the quality score of PTC?
PTC Inc has a Quality Score of 80/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for PTC Inc (PTC)?
Our model-based price target is the fair value of $213.74 (as of Nov 3, 2026) from 22 valuation models. Cautious scenario $129.54, optimistic scenario $318.07. It is a calculation from audited fundamentals, not an analyst target.
What is the PTC Inc stock forecast for 2026?
Our models put fair value at $213.74, about +10% upside versus a price of $195.18 (fairly valued). Cautious scenario $129.54, optimistic scenario $318.07. The calculation is refreshed regularly with new filings.
What is the revenue of PTC Inc (PTC)?
PTC Inc reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Nov 3, 2026).
What growth is priced into PTC Inc (PTC)?
For today's price to be fair in a discounted-cash-flow model, PTC Inc would have to grow free cash flow by +14.0 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.4 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of PTC use?
Our models discount PTC Inc at 9.2 %: a base by market capitalisation (large), damped by beta 1.00, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PTC Inc that is +14.0 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has PTC Inc (PTC) delivered so far?
Over the past 5 years revenue at PTC Inc grew +13.4 % a year. The price currently implies +14.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PTC Inc (PTC) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into PTC Inc (+14.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PTC Inc (PTC)?
The free-cash-flow yield on the price is 3.82 %: that much free cash flow PTC Inc produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PTC Inc (PTC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PTC Inc it is $213.74 per share (as of Nov 3, 2026), against a price of $195.18. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is PTC Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, PTC trades below its calculated fair value: price $195.18, fair value $213.74, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PTC?
No. The price is what the market pays today ($195.18); the fair value is what the company's own numbers justify ($213.74). For PTC Inc the two are $18.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is PTC Inc worth?
The market values PTC Inc at about $22.4B (market capitalisation, as of Nov 3, 2026). Per share that is $195.18; our models calculate a fair value of $213.74 per share.
What do the bullish and bearish scenarios say about PTC?
Our models span a range for PTC Inc: cautious scenario $129.54, base $213.74, optimistic $318.07 per share (as of Nov 3, 2026, price $195.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PTC?
PTC Inc trades at a price-to-earnings ratio of 18.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $213.74 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 63.4. Other multiples: PEG 1.3, P/B 5.9, P/S 7.6, EV/EBITDA 18.4.
What is the PEG ratio of PTC?
The PEG ratio of PTC Inc is 1.31 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of PTC Inc (PTC)?
Balance-sheet figures for PTC Inc (as of Nov 3, 2026): return on equity 35.1%, debt of 0.31 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is PTC from its 52-week high?
PTC Inc trades at $195.18, at its 52-week high of $195.54 and 74% above the low of $112.33 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $213.74 is for.
Which stocks are comparable to PTC Inc?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PTC Inc stock attractive at the current price?
The data as of Nov 3, 2026: price $195.18, calculated fair value $213.74 (+10%), Quality Score 80/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PTC calculated?
We run PTC Inc through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $213.74, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. PTC Inc currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PTC Inc (PTC)?
The closing price on Nov 4, 2026 was $195.18. Our model-based fair value is $213.74, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PTC Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($129.54 to $318.07) leaves room in how you read the outcome.
Where does the earnings growth of PTC Inc (PTC) come from?
Earnings per share at PTC Inc grew +15.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.3 %, EBIT margin +12.0 %, tax rate −2.3 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of PTC Inc
How large is the market capitalisation of PTC Inc (PTC)?
The market capitalisation of PTC Inc is $22.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PTC Inc (PTC)?
The price-to-sales ratio of PTC Inc is 7.60 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PTC Inc (PTC)?
Earnings per share at PTC Inc are $10.31 (price ÷ EPS = P/E 18.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PTC Inc (PTC)?
The net margin of PTC Inc is 41.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PTC Inc (PTC)?
The return on equity (ROE) of PTC Inc is 35.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PTC Inc (PTC)?
On an EBIT basis the return on assets of PTC Inc is 9.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PTC Inc (PTC)?
The operating margin of PTC Inc is 28.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PTC Inc (PTC)?
Revenue at PTC Inc is growing −6.8% versus a year earlier (3y avg +12.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PTC Inc (PTC)?
Earnings per share at PTC Inc are growing −12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PTC Inc (PTC) carry?
The net debt of PTC Inc is $1.2B (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 3, 2026