Paylocity Holding Corporation (PCTY) Key Metrics
PCTY valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $9.21B
- Enterprise value
- $7.48B
- P/E (TTM)
- 33.8 10-yr median 90.1
- Forward P/E
- 15.4
- PEG ratio
- 1.16
- Price / sales
- 5.2 10-yr median 8.7
- Price / book
- 6.2 10-yr median 15.6
- EV / EBITDA
- 15.0 10-yr median 61.3
- Dividend yield
- —
- Beta
- 0.50
PCTY key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsPCTY valuation Price multiples at each fiscal year-end price.
PCTY returns How much profit the business earns on the capital it uses.
PCTY per-share figures Results divided by the shares outstanding at year-end.
PCTY financial health Debt, liquidity and how easily interest is covered.
PCTY efficiency & capital use Working capital cycle and where the cash goes.
PCTY valuation history
PCTY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PCTY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PCTY cash returned to shareholders
PCTY price vs earnings per share
PCTY key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.73B | $10.25B | $7.51B | $10.44B | $9.85B | $10.74B | $8.14B | $5.20B | $3.23B | $2.44B |
| Enterprise value | $5.58B | $10.07B | $7.16B | $10.23B | $9.78B | $10.61B | $8.04B | $5.04B | $3.10B | $2.34B |
| P/E ratio | 21.2 | 45.1 | 36.3 | 74.2 | 108.5 | 151.7 | 126.3 | 96.6 | 83.7 | 363.5 |
| Price / sales | 3.2 | 6.4 | 5.4 | 8.9 | 11.5 | 16.9 | 14.5 | 11.1 | 8.6 | 8.1 |
| Price / book | 4.7 | 8.3 | 7.3 | 12.4 | 16.0 | 22.5 | 20.7 | 16.9 | 15.2 | 16.5 |
| Price / free cash flow | 11.5 | 29.9 | 20.5 | 48.4 | 96.1 | 123.8 | 85.4 | 62.2 | 53.4 | 90.5 |
| Price / operating cash flow | 10.7 | 24.5 | 19.5 | 37.1 | 63.5 | 86.0 | 72.7 | 45.2 | 33.0 | 39.4 |
| EV / sales | 3.1 | 6.3 | 5.1 | 8.7 | 11.5 | 16.7 | 14.3 | 10.8 | 8.2 | 7.8 |
| EV / EBITDA | 11.2 | 23.9 | 20.2 | 46.4 | 72.8 | 106.0 | 77.2 | 55.5 | 67.1 | 82.6 |
| EV / free cash flow | 11.2 | 29.4 | 19.5 | 47.4 | 95.5 | 122.3 | 84.3 | 60.3 | 51.1 | 86.6 |
| Earnings yield | 4.7% | 2.2% | 2.8% | 1.3% | 0.9% | 0.7% | 0.8% | 1.0% | 1.2% | 0.3% |
| Free cash flow yield | 8.7% | 3.3% | 4.9% | 2.1% | 1.0% | 0.8% | 1.2% | 1.6% | 1.9% | 1.1% |
| Dividend yield | — | — | — | — | 0.7% | 0.5% | 0.9% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 7.0% | 1.5% | 2.0% | 0.8% | 1.4% | 1.1% | 1.3% | 0.7% | 0.3% | 0.5% |
| Share price at fiscal year-end | $104.53 | $181.19 | $131.85 | $184.53 | $174.42 | $190.80 | $145.89 | $93.82 | $58.86 | $45.18 |
| Per share | ||||||||||
| Revenue per share | $32.34 | $28.21 | $24.62 | $20.75 | $15.11 | $11.29 | $10.06 | $8.44 | $6.88 | $5.55 |
| Earnings per share | $4.92 | $4.02 | $3.63 | $2.49 | $1.61 | $1.26 | $1.15 | $0.97 | $0.70 | $0.12 |
| Operating cash flow per share | $9.74 | $7.40 | $6.75 | $4.98 | $2.75 | $2.22 | $2.01 | $2.08 | $1.78 | $1.15 |
| Free cash flow per share | $9.08 | $6.06 | $6.43 | $3.81 | $1.82 | $1.54 | $1.71 | $1.51 | $1.10 | $0.50 |
| Cash per share | $4.96 | $7.04 | $7.05 | $5.10 | $2.48 | $3.67 | $5.11 | $2.92 | $2.50 | $1.91 |
| Book value per share | $22.30 | $21.82 | $18.13 | $14.89 | $10.87 | $8.47 | $7.04 | $5.56 | $3.88 | $2.73 |
| Tangible book value per share | $6.03 | $11.77 | $13.68 | $10.96 | $7.16 | $6.84 | $5.76 | $4.69 | $3.08 | $2.13 |
| Dividends per share | — | — | — | — | $1.24 | $0.92 | $1.25 | — | $0.00 | $0.00 |
| Capex per share | $0.66 | $1.33 | $0.32 | $1.18 | $0.93 | $0.68 | $0.30 | $0.57 | $0.68 | $0.65 |
| Debt per share | $2.25 | $3.85 | $0.96 | $1.24 | $1.37 | $1.33 | $3.25 | $0.03 | $0.04 | $0.00 |
| Shares outstanding | 54.8M | 56.5M | 57.0M | 56.6M | 56.4M | 56.3M | 55.8M | 55.4M | 54.9M | 54.1M |
| Change in shares outstanding | −3.1% | −0.7% | +0.7% | +0.3% | +0.2% | +0.9% | +0.7% | +1.0% | +1.5% | +6.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.0% | 20.0% | 22.0% | 19.3% | 16.7% | 16.3% | 18.4% | 20.7% | 21.4% | 5.0% |
| Return on invested capital (ROIC) | 25.3% | 25.7% | 29.6% | 23.4% | 18.9% | 18.3% | 29.1% | 46.3% | 26.2% | 17.2% |
| Return on assets (ROA) | 5.8% | 5.3% | 5.2% | 3.3% | 2.5% | 3.2% | 3.4% | 3.3% | 2.9% | 0.5% |
| Return on tangible assets | 6.8% | 5.9% | 5.2% | 4.1% | 2.0% | 3.0% | 3.4% | 3.1% | 2.6% | 0.6% |
| Free cash flow margin | 28.1% | 21.5% | 26.1% | 18.4% | 12.0% | 13.7% | 17.0% | 17.9% | 16.0% | 9.0% |
| Income quality (OCF / net income) | 1.98 | 1.84 | 1.86 | 2.00 | 1.71 | 1.76 | 1.74 | 2.14 | 2.54 | 9.23 |
| Financial health | ||||||||||
| Total debt | $123.5M | $217.9M | $54.4M | $70.3M | $77.5M | $74.8M | $181.4M | $1.5M | $2.1M | $0 |
| Cash & short-term investments | $271.9M | $398.1M | $401.8M | $288.8M | $139.8M | $206.7M | $285.4M | $161.8M | $137.2M | $103.5M |
| Net debt | −$148.5M | −$180.2M | −$347.4M | −$218.5M | −$62.2M | −$132.0M | −$104.0M | −$160.3M | −$135.1M | −$103.5M |
| Debt / equity | 0.10 | 0.18 | 0.05 | 0.08 | 0.13 | 0.16 | 0.46 | 0.00 | 0.01 | 0.00 |
| Debt / assets | 0.03 | 0.05 | 0.01 | 0.02 | 0.02 | 0.03 | 0.09 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −0.30 | −0.43 | −0.98 | −0.99 | −0.46 | −1.32 | −1.00 | −1.77 | −2.93 | −3.65 |
| Current ratio | 1.09 | 1.14 | 1.13 | 1.10 | 1.03 | 1.09 | 1.18 | 1.10 | 1.08 | 1.09 |
| Quick ratio | 1.09 | 1.14 | 1.14 | 0.13 | 1.03 | 0.15 | 0.26 | 0.16 | 1.08 | 1.09 |
| Interest coverage | — | 23.3 | 343.1 | 206.2 | 169.9 | 61.8 | 95.2 | 30.9 | — | — |
| Working capital | $302.8M | $406.7M | $407.1M | $273.6M | $111.1M | $165.9M | $254.2M | $140.1M | $107.4M | $88.0M |
| Invested capital | $1.07B | $1.05B | $685.7M | $624.4M | $551.2M | $344.9M | $288.9M | $147.7M | $77.8M | $44.1M |
| Tangible asset value | $330.1M | $665.7M | $779.4M | $620.2M | $404.1M | $385.2M | $321.4M | $260.1M | $169.1M | $115.3M |
| Net current asset value | $60.1M | $156.3M | $312.1M | $195.6M | $36.1M | $94.9M | $70.4M | $100.2M | $83.5M | $73.0M |
| Graham number | $49.71 | $44.40 | $38.48 | $28.87 | $19.83 | $15.48 | $13.53 | $11.02 | $7.83 | $2.76 |
| Graham net-net per share | −$61.23 | −$48.21 | −$49.24 | −$21.12 | −$71.61 | −$15.08 | −$11.78 | −$11.70 | −$21.04 | −$16.37 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $69.8M | $51.8M | $70.0M | — | $0 | $0 |
| Share buybacks (net) | $398.1M | $149.6M | $150.0M | $88.3M | $69.8M | $64.2M | $38.9M | $35.0M | $10.6M | $11.3M |
| Dividend payout ratio | — | — | — | — | 76.8% | 73.2% | 108.5% | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 80.1% | 43.7% | 40.9% | 40.9% | 136.2% | 133.7% | 114.2% | 41.9% | 17.4% | 42.0% |
| Capex / revenue | 2.0% | 4.7% | 1.3% | 5.7% | 6.2% | 6.0% | 3.0% | 6.7% | 9.9% | 11.7% |
| Capex / operating cash flow | 6.8% | 18.0% | 4.7% | 23.7% | 33.9% | 30.5% | 14.8% | 27.3% | 38.1% | 56.4% |
| Capex / depreciation | 0.32 | 0.76 | 0.24 | 1.10 | 1.05 | 0.89 | 0.44 | 0.91 | 1.24 | 1.66 |
| Stock-based compensation / revenue | 7.8% | 9.0% | 10.4% | 12.5% | 11.3% | 9.9% | 8.5% | 8.3% | 8.0% | 8.9% |
| R&D / revenue | 12.5% | 12.9% | 12.7% | 14.0% | 12.1% | 12.1% | 11.2% | 10.8% | 10.0% | 9.7% |
| SG&A / revenue | 34.9% | 36.8% | 37.2% | 41.6% | 44.3% | 44.3% | 44.6% | 44.3% | 46.3% | 46.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 9.5 | 8.5 | 7.6 | 6.3 | 4.7 | 3.2 | 3.0 | 3.0 | 2.7 | 2.3 |
| Days of inventory on hand | — | — | 1,098.9 | 1,344.5 | 1,119.0 | 2,536.5 | 2,665.1 | 1,619.4 | — | — |
| Days payables outstanding | 9.5 | 9.5 | 6.1 | 7.2 | 8.0 | 5.0 | 5.7 | 8.2 | 6.2 | 5.4 |
| Cash conversion cycle (days) | -0.0 | -1.0 | 1,100.3 | 1,343.6 | 1,115.6 | 2,534.8 | 2,662.4 | 1,614.2 | -3.5 | -3.1 |
| Receivables turnover | 38.62 | 42.74 | 48.29 | 57.52 | 77.44 | 113.61 | 120.96 | 119.74 | 137.46 | 161.25 |
| Payables turnover | 38.59 | 38.35 | 59.73 | 50.53 | 45.54 | 73.28 | 63.76 | 44.31 | 59.25 | 67.62 |
| Inventory turnover | — | — | — | 0.27 | 0.33 | 0.14 | 0.14 | 0.23 | — | — |
| Asset turnover | 0.38 | 0.37 | 0.35 | 0.28 | 0.24 | 0.29 | 0.30 | 0.28 | 0.29 | 0.24 |
| Average receivables | $45.9M | $37.3M | $29.0M | $20.4M | $11.0M | $5.6M | $4.6M | $3.9M | $2.7M | $1.9M |
| Average payables | $14.1M | $13.0M | $7.4M | $7.3M | $6.3M | $3.0M | $2.9M | $3.5M | $2.5M | $1.8M |
| Average inventory | — | — | $1.33B | $1.35B | $879.8M | $1.52B | $1.33B | $682.6M | $0 | $0 |
| Intangibles / total assets | 18.2% | 12.9% | 6.0% | 6.0% | 4.4% | 3.8% | 3.6% | 2.7% | 2.9% | 2.8% |
Computed from PCTY's annual financial statements (latest annual report filed August 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PCTY valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Paylocity traded at 21.2 times earnings, against a 10-year median of 90.1. Based on the latest twelve months, the trailing P/E is 33.8 and the forward P/E is 15.4. Paylocity earned a return on equity of 22.0% and a return on invested capital of 25.3% in fiscal 2026. It ended the year with $123.5 million of debt and $271.9 million in cash and short-term investments, a net cash position of $148.5 million. It returned $398.1 million to shareholders: $0 in dividends and $398.1 million in share buybacks, 80% of free cash flow.
See the PCTY income statement, the PCTY chart for price history, or the PCTY stock overview for the latest quote and news.
PCTY key metrics FAQ
What is Paylocity's P/E ratio?
Paylocity's trailing P/E ratio is 33.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 15.4. At the end of fiscal 2026 it was 21.2, compared with a 10-year median of 90.1.
What is Paylocity's EV/EBITDA?
Paylocity's enterprise value was 11.2 times EBITDA at the end of fiscal 2026 (enterprise value $5.6 billion, EBITDA $499.1 million); the current EV/EBITDA is 15.0.
What is Paylocity's return on equity?
Paylocity's return on equity (ROE) was 22.0% in fiscal 2026: net income of $269.7 million on average shareholders' equity of $1.2 billion.
What is Paylocity's ROIC?
Paylocity's return on invested capital was 25.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Paylocity have?
Paylocity had total debt of $123.5 million at the end of fiscal 2026, a debt-to-equity ratio of 0.10 and more cash than debt.
Does Paylocity buy back its shares?
Yes. Paylocity spent $398.1 million on net share repurchases in fiscal 2026 Shares outstanding changed −3.1% over the year, to 54.8M..
What is Paylocity's free cash flow yield?
Paylocity generated $497.1 million of free cash flow in fiscal 2026, a free cash flow yield of 8.7% on its market value at year-end ($5.7 billion).
What is Paylocity's current ratio?
Paylocity's current ratio was 1.09 at the end of fiscal 2026: current assets were 1.09 times current liabilities.