Paylocity Holding Corporation (PCTY) Financial Ratios
15 years of historical data (2011–2025) · Technology · Software - Application
EV/EBITDA
↓
13.24
↓-76% vs avg
5yr avg: 54.25
30Y Low21.3·High82.6
P/FCF
↓
16.12
↓-75% vs avg
5yr avg: 63.73
30Y Low20.5·High123.8
P/B Ratio
↓
4.70
↓-65% vs avg
5yr avg: 13.31
30Y Low7.3·High22.5
ROE
↑
20.0%
↓+6% vs avg
5yr avg: 18.9%
30Y Low-14%·High22%
Debt/EBITDA
↓
0.54
+15% vs avg
5yr avg: 0.47
30Y Low0.0·High1.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PCTY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Paylocity Holding Corporation trades at 25.5x earnings, 69% below its 5-year average of 83.1x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 27.5x, the stock trades at a discount of 7%. On a free-cash-flow basis, the stock trades at 16.1x P/FCF, 75% below the 5-year average of 63.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.5B | $10.2B | $7.5B | $10.4B | $9.8B | $10.7B | $8.1B | $5.2B | $3.2B | $2.4B | $2.2B |
| Enterprise Value | $5.3B | $10.1B | $7.2B | $10.2B | $9.8B | $10.6B | $8.1B | $5.1B | $3.1B | $2.3B | $2.1B |
| P/E Ratio → | 25.50 | 45.07 | 36.32 | 74.11 | 108.34 | 151.43 | 125.77 | 96.72 | 84.09 | 376.50 | — |
| P/S Ratio | 3.46 | 6.42 | 5.36 | 8.89 | 11.55 | 16.90 | 14.50 | 11.12 | 8.56 | 8.14 | 9.53 |
| P/B Ratio | 4.70 | 8.31 | 7.27 | 12.39 | 16.05 | 22.53 | 20.72 | 16.88 | 15.18 | 16.55 | 18.39 |
| P/FCF | 16.12 | 29.89 | 20.49 | 48.39 | 96.08 | 123.77 | 85.36 | 62.18 | 53.35 | 90.45 | 258.18 |
| P/OCF | 13.21 | 24.50 | 19.53 | 36.94 | 63.50 | 86.05 | 72.72 | 45.20 | 33.01 | 39.40 | 66.66 |
P/E links to full P/E history page with 30-year chart
PCTY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Paylocity Holding Corporation's enterprise value stands at 13.2x EBITDA, 76% below its 5-year average of 54.2x. The Technology sector median is 17.4x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.31 | 5.11 | 8.71 | 11.47 | 16.70 | 14.38 | 10.84 | 8.20 | 7.80 | 9.16 |
| EV / EBITDA | 13.24 | 24.94 | 21.29 | 47.36 | 72.57 | 105.09 | 77.55 | 55.82 | 67.08 | 82.58 | 204.68 |
| EV / EBIT | 17.58 | 33.11 | 27.55 | 65.96 | 115.65 | 182.89 | 121.99 | 90.14 | 194.09 | 320.56 | — |
| EV / FCF | — | 29.37 | 19.55 | 47.38 | 95.47 | 122.30 | 84.64 | 60.61 | 51.12 | 86.62 | 248.03 |
PCTY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Paylocity Holding Corporation earns an operating margin of 19.1%. Operating margins have expanded from 13.2% to 19.1% over the past 3 years, signaling improving operational efficiency. ROE of 20.0% indicates solid capital efficiency. ROIC of 26.2% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.8% | 68.8% | 68.5% | 68.8% | 66.3% | 65.5% | 67.6% | 67.1% | 60.5% | 58.7% | 57.5% |
| Operating Margin | 19.1% | 19.1% | 18.5% | 13.2% | 9.9% | 9.1% | 11.8% | 12.0% | 4.2% | 2.4% | -1.5% |
| Net Profit Margin | 14.2% | 14.2% | 14.7% | 12.0% | 10.6% | 11.1% | 11.5% | 11.5% | 10.2% | 2.2% | -1.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.0% | 20.0% | 22.0% | 19.3% | 16.7% | 16.3% | 18.4% | 20.7% | 21.4% | 5.0% | -3.4% |
| ROA | 5.3% | 5.3% | 5.2% | 3.3% | 2.5% | 3.2% | 3.4% | 3.3% | 2.9% | 0.5% | -0.4% |
| ROIC | 26.2% | 26.2% | 29.8% | 19.8% | 14.1% | 12.9% | 19.8% | 33.1% | 19.6% | 14.2% | -9.0% |
| ROCE | 23.3% | 23.3% | 25.4% | 19.3% | 13.7% | 10.3% | 14.3% | 19.2% | 8.0% | 5.1% | -3.0% |
PCTY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Paylocity Holding Corporation carries a Debt/EBITDA ratio of 0.5x, which is very conservative (81% below the sector average of 2.9x). The company holds a net cash position — cash of $398M exceeds total debt of $218M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 23.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.05 | 0.08 | 0.13 | 0.16 | 0.46 | 0.00 | 0.01 | — | — |
| Debt / EBITDA | 0.54 | 0.54 | 0.16 | 0.33 | 0.58 | 0.74 | 1.74 | 0.02 | 0.05 | — | — |
| Net Debt / Equity | — | -0.15 | -0.34 | -0.26 | -0.10 | -0.27 | -0.18 | -0.43 | -0.63 | -0.70 | -0.72 |
| Net Debt / EBITDA | -0.45 | -0.45 | -1.03 | -1.01 | -0.46 | -1.26 | -0.67 | -1.44 | -2.93 | -3.65 | -8.38 |
| Debt / FCF | — | -0.53 | -0.95 | -1.01 | -0.61 | -1.47 | -0.73 | -1.57 | -2.23 | -3.83 | -10.15 |
| Interest Coverage | 23.29 | 23.29 | 343.13 | 206.15 | 169.87 | — | 95.21 | — | — | — | — |
Net cash position: cash ($398M) exceeds total debt ($218M)
PCTY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means Paylocity Holding Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.13 | 1.10 | 1.03 | 1.09 | 1.18 | 1.10 | 1.08 | 1.09 | 1.05 |
| Quick Ratio | 1.14 | 1.14 | 1.13 | 1.10 | 1.03 | 1.09 | 1.18 | 1.10 | 1.08 | 1.09 | 1.05 |
| Cash Ratio | 0.14 | 0.14 | 0.13 | 0.10 | 0.03 | 0.11 | 0.20 | 0.11 | 0.11 | 0.11 | 0.07 |
| Asset Turnover | — | 0.36 | 0.33 | 0.32 | 0.18 | 0.26 | 0.28 | 0.26 | 0.25 | 0.26 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 9.53 | 8.59 | 7.79 | 6.74 | 3.60 | 3.20 | 3.40 | 3.34 | 2.48 | 2.66 |
PCTY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Paylocity Holding Corporation returns 2.7% to shareholders annually primarily through share buybacks. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 2.2% | 2.8% | 1.3% | 0.9% | 0.7% | 0.8% | 1.0% | 1.2% | 0.3% | — |
| FCF Yield | 6.2% | 3.3% | 4.9% | 2.1% | 1.0% | 0.8% | 1.2% | 1.6% | 1.9% | 1.1% | 0.4% |
| Buyback Yield | 2.7% | 1.5% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.7% | 1.5% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $57M | $57M | $57M | $56M | $56M | $56M | $55M | $55M | $54M | $51M |
Peer Comparison
Compare PCTY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PCTYYou | $6B | 25.5 | 13.2 | 16.1 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 PAYC | $7B | 15.6 | 8.9 | 16.8 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 PAYX | $33B | 20.0 | 15.0 | 18.6 | 72.4% | 39.6% | 41.8% | 30.9% | 2.1 |
 ADP | $83B | 20.8 | 15.1 | 17.5 | 50.8% | 26.3% | 76.0% | 47.1% | 1.5 |
 HCKT | $257M | 21.7 | 10.0 | 7.9 | 38.3% | 8.7% | 14.1% | 16.4% | 2.5 |
 DAY | $11B | 635.1 | 37.7 | 65.2 | 46.1% | 5.9% | 0.7% | 2.5% | 3.9 |
 ISRG | $160B | 57.4 | 43.4 | 64.4 | 66.0% | 29.3% | 16.6% | 15.0% | 0.1 |
 NSP | $1B | -159.7 | 25.4 | — | 13.2% | -0.1% | -9.8% | — | 12.4 |
 TNET | $2B | 12.9 | 2.5 | 6.2 | 17.4% | 5.3% | 252.0% | — | 2.8 |
 TASK | $601M | 6.1 | 3.4 | 8.2 | 32.6% | 11.9% | 18.6% | 16.3% | 1.5 |
 WDAY | $32B | 47.5 | 23.1 | 11.6 | 75.7% | 10.7% | 8.2% | 8.5% | 0.6 |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonPCTY — Frequently Asked Questions
Quick answers to the most common questions about buying PCTY stock.
What is Paylocity Holding Corporation's P/E ratio?
Paylocity Holding Corporation's current P/E ratio is 25.5x. The historical average is 90.2x.
What is Paylocity Holding Corporation's EV/EBITDA?
Paylocity Holding Corporation's current EV/EBITDA is 13.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 56.1x.
What is Paylocity Holding Corporation's ROE?
Paylocity Holding Corporation's return on equity (ROE) is 20.0%. The historical average is 10.3%.
Is PCTY stock overvalued?
Based on historical data, Paylocity Holding Corporation is trading at a P/E of 25.5x. Compare with industry peers and growth rates for a complete picture.
What are Paylocity Holding Corporation's profit margins?
Paylocity Holding Corporation has 68.8% gross margin and 19.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Paylocity Holding Corporation have?
Paylocity Holding Corporation's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.