Using the industry peer median P/E multiple (trailing + forward), PTC Inc. (PTC) has a fair value of $190.81 based on 4 comparable companies in the Software - Application industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| PTC Inc.PTC | 17,496 | 23.8x | 29.0x |
| Jabil Inc.JBL | 28,529 | 45.1x | 31.8x |
| VeriSign, Inc.VRSN | 23,294 | 28.5x | 31.4x |
| Tyler Technologies, Inc.TYL | 14,731 | 47.6x | 35.9x |
| The Trade Desk, Inc.TTD | 10,391 | 24.0x | 19.5x |
| Industry Median | 36.8x | 31.6x | |
| (*) Profit after tax | 734 | 603 | |
| Equity Value | 27,024 | 19,068 | |
| (/) Outstanding shares | 121 | 121 | |
| Fair Price | $224 | $158 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.