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PTC Inc. — Intrinsic Value & Fair Price

PTC
NASDAQTechnologySoftware - ApplicationCIK 0000857005ptc.comAbout PTC
Last close · Oct 16, 2026192.98−0.17 (−0.09%)
Market cap$21.0B
Model value · DCF · Perpetuity growth · 5y
112.38
PTC closed at $192.98 — overvalued by 72% vs model.
75.34the model's range223.05

DCF · Perpetuity growth · 5y leads for a software company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
14.29 – 292.91
Wall St. target
205.00 6% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Research on PTC

No posts on PTC yet.
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How it is valued

Valued asSoftware
Moderate growth (~14% recent)High profitability (27% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for software companies
Price / sales
8.5×
Revenue growth
19.2%
Gross margin
83.8%
FCF margin
31.3%
Rule of 40
50.5%
Operating margin
35.9%
Full financials

Superinvestors

13F

None of the tracked managers reported a position in their latest 13F.

All 0 holders

Analyst actions

third-party, quoted
10-06BMO Capital · “Market Perform” from “Outperform”downgrade
10-06Oppenheimer · “Perform” from “Outperform”downgrade
10-06BMO Capital · target205.00
10-06Mizuho Securities · target205.00
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just PTC. No account.

About PTC

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. These solutions are characterized by ease of creation and deployment, scalability for future demands, and their ability to accelerate value realization for customers. Another significant product, Vuforia, enables the visualization of digital information within real-world contexts and facilitates the development of augmented reality applications. PTC also delivers Onshape, a cloud-based product development platform that seamlessly integrates computer-aided design with robust data management, collaborative tools, and real-time analytical capabilities. For product lifecycle management (PLM), the company provides Arena, a solution designed to empower product teams to collaborate virtually from any location, and Windchill, another comprehensive PLM software. Furthermore, Creo stands as a leading 3D CAD technology, supporting the digital design, validation, and refinement of product models. Additional specialized software includes Integrity, an application lifecycle management solution, and Servigistics, focused on optimizing service parts management. Beyond its software portfolio, PTC offers an extensive array of professional services, encompassing consulting, implementation support, training programs, cloud solutions, and ongoing licensing and technical assistance. Established in 1985 and headquartered in Boston, Massachusetts, the company was originally named Parametric Technology Corporation before officially rebranding as PTC Inc. in January 2013.

CEO
Neil Barua
Headquarters
Boston, MA
Employees
7,000
IPO
1989-12-08
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.