Ptc Inc. (PTC) intrinsic value & 10-year financials
Ptc Inc. (PTC) has a Graham intrinsic value of $201.95 per share. At $193.06 on Oct 20, 2026, the stock trades 4% below that value. Over the last 10 fiscal years revenue grew 10.2% a year to $2.7B, with an average return on invested capital of 9.6%.
- Graham intrinsic value
- $201.95
- Share price (Oct 20, 2026)
- $193.06
- Price vs Graham value
- 4% below
- Market cap
- $23.3B
- Revenue (FY2025)
- $2.7B
- Revenue growth (10-yr CAGR)
- 10.2%
- ROIC (10-yr avg)
- 9.6%
- Free cash flow (FY2025)
- $856.7M
PTC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.7B | $734.0M | $6.08 | $856.7M | 35.9% | 15.9% |
| FY2024 | $2.3B | $376.3M | $3.12 | $735.6M | 25.6% | 10.4% |
| FY2023 | $2.1B | $245.5M | $2.06 | $587.0M | 21.9% | 8.7% |
| FY2022 | $1.9B | $313.1M | $2.65 | $415.8M | 23.1% | 10.3% |
| FY2021 | $1.8B | $476.9M | $4.03 | $344.1M | 21.1% | 13.4% |
| FY2020 | $1.5B | $130.7M | $1.12 | $213.6M | 14.5% | 10.4% |
| FY2019 | $1.3B | -$27.5M | -$0.23 | $220.7M | 5.0% | 2.2% |
| FY2018 | $1.2B | $52.0M | $0.44 | $211.8M | 5.9% | 5.8% |
| FY2017 | $1.2B | $6.2M | $0.05 | $109.1M | 3.5% | — |
| FY2016 | $1.1B | -$54.5M | -$0.48 | $157.0M | -3.2% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PTC Inc. is a consistent compounder, expanding top-line revenue at 10.2% annually over the past decade.
PTC Inc. returns on capital have been average, hovering around 9.6% ROIC over the decade.
PTC Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PTC Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $201.95 per share.