---
title: PTC (PTC) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/ptc
ticker: PTC
as_of: 2026-10-17
sector: Technology
industry: Software - Application
---
# PTC (PTC)

PTC (PTC) closed at $192.98 on Oct 16, 2026, overvalued by 72% vs its model value of $112.38 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $192.98 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $112.38 |
| Price vs model | overvalued by 72% vs model |
| Range of that model | $75.34 – $223.05 |
| Market value | $21.0B |
| P/E (fiscal 2025) | 31.7 |
| Net margin (fiscal 2025) | 26.8% |
| Free cash flow (fiscal 2025) | $856.7M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 0.99 |
| Cost of capital (WACC) | 9.00% |
| Business classification | Mature & Stable (Moderate growth (~14% recent), High profitability (27% net margin), Highly cyclical earnings) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $112.38 | $75.34 | $223.05 |
| DCF · Perpetuity growth · 10y | cross check | $122.13 | $83.91 | $234.38 |
| DCF · EBITDA exit · 5y | cross check | $210.60 | $166.40 | $262.15 |
| DCF · EBITDA exit · 10y | cross check | $203.74 | $153.02 | $269.89 |
| P/E · peers | cross check | $204.80 | $173.53 | $217.44 |
| P/E · own history | cross check | $292.91 | $172.88 | $388.54 |
| PEG | sanity check | $143.99 | $143.99 | $143.99 |
| EV/EBITDA · peers | cross check | $200.57 | $163.19 | $230.69 |
| EV/Revenue · peers | cross check | $131.54 | $93.57 | $152.83 |
| Earnings power value | cross check | $14.29 | $11.05 | $18.83 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($342,562.5); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 15, 2026 | LICO JAMES A | Director | Option/RSU exercise | 926 | $0 |
| Oct 15, 2026 | LICO JAMES A | Director | Option/RSU exercise | 926 | $0 |
| Oct 5, 2026 | Lathan Corinna | Director | Open-market sell (10b5-1 plan) | 1,750 | $342,562.5 |
| Sep 15, 2026 | BERNSHTEYN ROBERT | Director | Option/RSU exercise | 1,117 | $0 |
| Sep 15, 2026 | BERNSHTEYN ROBERT | Director | Option/RSU exercise | 1,117 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 5, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/857005/000119312526413128/d174191ddefa14a.htm |
| Oct 5, 2026 | 8-K | 1.01 Entry into a Material Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/857005/000119312526413124/d174191d8k.htm |
| Oct 5, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/857005/000095014226002678/eh260839057_defa14a.htm |
| Jul 31, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/857005/000119312526328444/ptc-20260630.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/857005/000119312526323617/ptc-20260729.htm |

## About

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 w…

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Source: https://sweetvaluelab.com/stocks/ptc (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.