PTC Inc. (PTC) Key Metrics
PTC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $20.96B
- Enterprise value
- $16.45B
- P/E (TTM)
- 18.7 10-yr median 58.0
- Forward P/E
- 16.3
- PEG ratio
- 1.31
- Price / sales
- 7.1 10-yr median 7.2
- Price / book
- 4.4 10-yr median 6.7
- EV / EBITDA
- 9.5 10-yr median 32.0
- Dividend yield
- —
- Beta
- 0.99
PTC key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsPTC valuation Price multiples at each fiscal year-end price.
PTC returns How much profit the business earns on the capital it uses.
PTC per-share figures Results divided by the shares outstanding at year-end.
PTC financial health Debt, liquidity and how easily interest is covered.
PTC efficiency & capital use Working capital cycle and where the cash goes.
PTC valuation history
PTC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PTC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PTC cash returned to shareholders
PTC price vs earnings per share
PTC key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $24.52B | $21.81B | $16.91B | $12.37B | $14.18B | $9.62B | $8.03B | $12.55B | $6.60B | $5.08B |
| Enterprise value | $25.71B | $23.48B | $18.51B | $13.64B | $15.50B | $10.53B | $8.40B | $12.90B | $6.99B | $6.26B |
| P/E ratio | 33.4 | 58.0 | 68.9 | 39.5 | 29.7 | 73.6 | — | 241.4 | — | — |
| Price / sales | 9.0 | 9.5 | 8.1 | 6.4 | 7.8 | 6.6 | 6.4 | 10.1 | 5.7 | 4.5 |
| Price / book | 6.4 | 6.8 | 6.3 | 5.4 | 7.0 | 6.7 | 6.7 | 14.3 | 7.5 | 6.0 |
| Price / free cash flow | 28.6 | 29.8 | 28.8 | 30.2 | 41.3 | 47.5 | 36.4 | 60.1 | 60.5 | 32.4 |
| Price / operating cash flow | 28.3 | 29.1 | 27.7 | 28.4 | 38.4 | 41.1 | 28.1 | 50.6 | 49.1 | 27.7 |
| EV / sales | 9.4 | 10.2 | 8.8 | 7.1 | 8.6 | 7.2 | 6.7 | 10.4 | 6.0 | 5.5 |
| EV / EBITDA | 22.7 | 32.2 | 30.9 | 23.8 | 27.4 | 31.9 | 59.5 | 81.8 | 54.7 | 127.1 |
| EV / free cash flow | 30.0 | 32.1 | 31.6 | 33.3 | 45.1 | 52.0 | 38.0 | 61.8 | 64.0 | 39.9 |
| Earnings yield | 3.0% | 1.7% | 1.5% | 2.5% | 3.4% | 1.4% | −0.3% | 0.4% | 0.1% | −1.1% |
| Free cash flow yield | 3.5% | 3.4% | 3.5% | 3.3% | 2.4% | 2.1% | 2.8% | 1.7% | 1.7% | 3.1% |
| Dividend yield | — | — | 0.5% | — | 4.2% | 0.4% | 2.6% | 2.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.2% | 0.0% | 1.0% | 1.0% | 4.4% | 0.7% | 4.0% | 10.8% | 0.8% | 0.4% |
| Share price at fiscal year-end | $203.02 | $180.66 | $141.68 | $104.60 | $119.79 | $82.72 | $68.18 | $106.19 | $56.28 | $44.31 |
| Per share | ||||||||||
| Revenue per share | $22.68 | $19.04 | $17.57 | $16.35 | $15.27 | $12.54 | $10.67 | $10.51 | $9.92 | $9.95 |
| Earnings per share | $6.08 | $3.12 | $2.06 | $2.65 | $4.03 | $1.12 | −$0.23 | $0.44 | $0.05 | −$0.48 |
| Operating cash flow per share | $7.18 | $6.21 | $5.12 | $3.68 | $3.12 | $2.01 | $2.42 | $2.10 | $1.15 | $1.60 |
| Free cash flow per share | $7.09 | $6.06 | $4.91 | $3.46 | $2.90 | $1.74 | $1.88 | $1.77 | $0.93 | $1.37 |
| Cash per share | $1.53 | $2.20 | $2.41 | $2.30 | $2.76 | $2.61 | $2.53 | $2.42 | $2.81 | $2.86 |
| Book value per share | $31.68 | $26.62 | $22.44 | $19.42 | $17.22 | $12.37 | $10.21 | $7.40 | $7.54 | $7.35 |
| Tangible book value per share | −$4.07 | −$9.48 | −$13.60 | −$3.72 | −$4.50 | −$3.66 | −$1.75 | −$4.30 | −$4.73 | −$5.56 |
| Dividends per share | — | — | $0.69 | — | $5.07 | $0.29 | $1.74 | $2.12 | $0.00 | $0.00 |
| Capex per share | $0.09 | $0.15 | $0.21 | $0.22 | $0.21 | $0.27 | $0.55 | $0.33 | $0.22 | $0.23 |
| Debt per share | $11.34 | $15.99 | $15.83 | $13.03 | $13.93 | $10.50 | $5.68 | $5.44 | $6.07 | $13.17 |
| Shares outstanding | 120.8M | 120.7M | 119.3M | 118.2M | 118.4M | 116.3M | 117.7M | 118.2M | 117.4M | 114.6M |
| Change in shares outstanding | +0.0% | +1.2% | +0.9% | −0.1% | +1.8% | −1.2% | −0.4% | +0.7% | +2.4% | −1.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 20.9% | 12.8% | 9.9% | 14.4% | 27.4% | 9.9% | −2.6% | 5.9% | 0.7% | −6.3% |
| Return on invested capital (ROIC) | 15.8% | 10.3% | 8.6% | 10.2% | 13.3% | 10.4% | 4.2% | 5.9% | 2.0% | −1.8% |
| Return on assets (ROA) | 11.3% | 5.9% | 4.5% | 6.8% | 12.1% | 4.3% | −1.1% | 2.2% | 0.3% | −2.4% |
| Return on tangible assets | 31.9% | 18.6% | 12.3% | 16.0% | 24.6% | 8.6% | −2.2% | 5.5% | 0.7% | −6.2% |
| Free cash flow margin | 31.3% | 31.8% | 28.0% | 21.2% | 19.0% | 13.9% | 17.6% | 16.8% | 9.4% | 13.8% |
| Income quality (OCF / net income) | 1.18 | 1.99 | 2.49 | 1.39 | 0.77 | 1.79 | — | 4.77 | 21.57 | — |
| Financial health | ||||||||||
| Total debt | $1.37B | $1.93B | $1.89B | $1.54B | $1.65B | $1.22B | $669.1M | $643.3M | $712.4M | $1.51B |
| Cash & short-term investments | $184.4M | $265.8M | $288.1M | $272.2M | $326.5M | $303.6M | $297.5M | $285.8M | $330.3M | $327.6M |
| Net debt | $1.19B | $1.66B | $1.60B | $1.27B | $1.32B | $916.8M | $371.7M | $357.5M | $382.1M | $1.18B |
| Debt / equity | 0.36 | 0.60 | 0.71 | 0.67 | 0.81 | 0.85 | 0.56 | 0.74 | 0.80 | 1.79 |
| Debt / assets | 0.21 | 0.30 | 0.30 | 0.33 | 0.37 | 0.36 | 0.25 | 0.28 | 0.30 | 0.64 |
| Net debt / EBITDA | 1.05 | 2.28 | 2.67 | 2.21 | 2.34 | 2.77 | 2.63 | 2.27 | 2.99 | 24.01 |
| Current ratio | 1.12 | 0.78 | 0.76 | 1.35 | 1.38 | 1.22 | 1.23 | 0.86 | 0.71 | 0.75 |
| Quick ratio | 1.12 | 0.78 | 0.87 | 1.44 | 1.55 | 1.12 | 1.14 | 0.80 | 0.96 | 0.95 |
| Interest coverage | 12.8 | 4.9 | 3.5 | 8.2 | 7.5 | 2.8 | 2.7 | 1.8 | 1.0 | -1.2 |
| Working capital | $146.0M | −$368.5M | −$393.8M | $276.4M | $293.7M | $152.7M | $144.5M | −$101.5M | −$196.3M | −$165.6M |
| Invested capital | $5.01B | $4.88B | $4.28B | $3.56B | $3.36B | $2.35B | $1.57B | $1.23B | $1.27B | $2.02B |
| Tangible asset value | −$491.8M | −$1.14B | −$1.62B | −$440.3M | −$532.4M | −$425.1M | −$206.1M | −$508.1M | −$555.2M | −$637.5M |
| Net current asset value | −$1.41B | −$1.87B | −$2.33B | −$1.32B | −$1.40B | −$1.11B | −$680.0M | −$820.6M | −$992.3M | −$1.02B |
| Graham number | $65.82 | $43.21 | $32.23 | $34.01 | $39.51 | $17.69 | — | $8.56 | $3.00 | — |
| Graham net-net per share | −$15.36 | −$18.69 | −$23.50 | −$14.19 | −$15.24 | −$11.14 | −$7.30 | −$8.86 | −$9.49 | −$9.83 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $82.4M | — | $600.4M | $33.7M | $205.0M | $250.0M | $0 | $0 |
| Share buybacks (net) | $300.0M | $0 | $82.4M | $125.0M | $30.0M | $33.7M | $115.0M | $1.10B | $51.0M | $20.9M |
| Dividend payout ratio | — | — | 33.6% | — | 125.9% | 25.8% | — | 480.9% | 0.0% | — |
| Dividends + buybacks / free cash flow | 35.0% | 0.0% | 28.1% | 30.5% | 183.5% | 33.3% | 145.0% | 646.6% | 46.7% | 13.3% |
| Capex / revenue | 0.4% | 0.8% | 1.2% | 1.3% | 1.4% | 2.1% | 5.1% | 3.1% | 2.2% | 2.3% |
| Capex / operating cash flow | 1.3% | 2.4% | 4.0% | 6.0% | 6.8% | 13.4% | 22.6% | 15.8% | 18.9% | 14.3% |
| Capex / depreciation | 0.08 | 0.13 | 0.18 | 0.21 | 0.21 | 0.26 | 0.83 | 0.45 | 0.29 | 0.30 |
| Stock-based compensation / revenue | 7.9% | 9.7% | 9.8% | 9.0% | 9.8% | 7.9% | 6.9% | 6.7% | 6.6% | 5.8% |
| R&D / revenue | 16.7% | 18.8% | 18.8% | 17.5% | 16.6% | 17.6% | 19.7% | 20.1% | 20.3% | 20.1% |
| SG&A / revenue | 28.9% | 34.4% | 36.4% | 35.7% | 40.1% | 40.8% | 43.4% | 44.9% | 44.5% | 45.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 124.1 | 132.9 | 126.0 | 111.2 | 96.6 | 98.6 | 73.0 | 41.4 | 49.2 | 57.4 |
| Days of inventory on hand | — | — | -103.0 | -97.6 | -32.5 | 66.7 | 57.0 | -65.4 | -165.1 | -152.8 |
| Days payables outstanding | 14.6 | 27.8 | 34.6 | 34.8 | 28.7 | 36.8 | 53.8 | 49.6 | 29.5 | 17.6 |
| Cash conversion cycle (days) | 109.5 | 105.1 | -11.6 | -21.2 | 35.4 | 128.5 | 76.2 | -73.6 | -145.5 | -113.0 |
| Receivables turnover | 2.94 | 2.75 | 2.90 | 3.28 | 3.78 | 3.70 | 5.00 | 8.82 | 7.42 | 6.36 |
| Payables turnover | 24.93 | 13.15 | 10.55 | 10.50 | 12.73 | 9.93 | 6.78 | 7.36 | 12.37 | 20.75 |
| Inventory turnover | — | — | — | — | — | 5.47 | 6.40 | — | — | — |
| Asset turnover | 0.42 | 0.36 | 0.38 | 0.42 | 0.46 | 0.48 | 0.50 | 0.53 | 0.49 | 0.50 |
| Average receivables | $931.5M | $836.7M | $724.0M | $588.8M | $478.1M | $394.0M | $251.0M | $140.8M | $156.8M | $179.3M |
| Average payables | $17.9M | $33.8M | $41.8M | $36.8M | $29.1M | $33.7M | $48.0M | $44.3M | $26.6M | $15.7M |
| Average inventory | — | — | −$124.5M | −$103.2M | −$33.0M | $61.1M | $50.8M | −$58.5M | −$148.9M | −$136.3M |
| Intangibles / total assets | 65.3% | 68.3% | 68.4% | 58.4% | 57.0% | 55.1% | 52.8% | 59.4% | 61.0% | 62.9% |
Computed from PTC's annual financial statements (latest annual report filed November 21, 2025) 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.
PTC valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), PTC traded at 33.4 times earnings, against a 10-year median of 58.0. Based on the latest twelve months, the trailing P/E is 18.7 and the forward P/E is 16.3. PTC earned a return on equity of 20.9% and a return on invested capital of 15.8% in fiscal 2025. It ended the year with $1.4 billion of debt and $184.4 million in cash and short-term investments, net debt of $1.2 billion. It returned $300.0 million to shareholders: $0 in dividends and $300.0 million in share buybacks, 35% of free cash flow. The share count rose 5.4% from 114.6M to 120.8M over 9 years.
See the PTC income statement, the PTC chart for price history, or the PTC stock overview for the latest quote and news.
PTC key metrics FAQ
What is PTC's P/E ratio?
PTC's trailing P/E ratio is 18.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.3. At the end of fiscal 2025 it was 33.4, compared with a 10-year median of 58.0.
What is PTC's EV/EBITDA?
PTC's enterprise value was 22.7 times EBITDA at the end of fiscal 2025 (enterprise value $25.7 billion, EBITDA $1.1 billion); the current EV/EBITDA is 9.5.
What is PTC's return on equity?
PTC's return on equity (ROE) was 20.9% in fiscal 2025: net income of $734.0 million on average shareholders' equity of $3.5 billion.
What is PTC's ROIC?
PTC's return on invested capital was 15.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PTC have?
PTC had total debt of $1.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.36 and $1.2 billion of net debt (1.05 times EBITDA).
Does PTC buy back its shares?
Yes. PTC spent $300.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.0% over the year, to 120.8M..
What is PTC's free cash flow yield?
PTC generated $856.7 million of free cash flow in fiscal 2025, a free cash flow yield of 3.5% on its market value at year-end ($24.5 billion).
What is PTC's current ratio?
PTC's current ratio was 1.12 at the end of fiscal 2025: current assets were 1.12 times current liabilities.