Paylocity Holding Corporation (PCTY) P/E Ratio History
Deep ValueTrading at 35.2x · 15th percentile of 5-year range · Significant discount to historical valuation · Data 2017–2026
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P/E Ratio Analysis
As of November 8, 2026, Paylocity Holding Corporation (PCTY) trades at a price-to-earnings ratio of 35.2x, with a stock price of $173.15 and trailing twelve-month earnings per share of $4.92.
The current P/E is 53% below its 5-year average of 75.1x. Over the past five years, PCTY's P/E has ranged from a low of 21.2x to a high of 177.5x, placing the current valuation at the 15th percentile of its historical range.
Compared to the Industrials sector median P/E of 24.6x, PCTY trades at a 43% premium to its sector peers. The sector includes 428 companies with P/E ratios ranging from 0.0x to 197.1x.
The PEG ratio of 1.12 (P/E divided by 22% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, PCTY commands a significant premium over the S&P 500 median P/E of 26.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PCTY DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PCTY Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PCTY P/E vs Peers
Payroll, PEO and HCM peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $13B | 29.4 | 1.09 | -9% | |
| $42B | 23.9 | 2.38 | +7% | |
| $121B | 27.7 | 2.21 | +10% | |
| $338M | 28.6 | 1.27 | -55% | |
| $11B | 635.1 | - | -69% | |
| $160B | 57.5 | 2.64 | +23% | |
| $3B | 21.1 | - | -8% | |
| $820M | 8.3Lowest | 0.33Best | +120%Best | |
| $51B | 74.8 | - | +32% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PCTY Historical P/E Data (2017–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | - | $104.53 | $4.92 | 21.2x | -82% |
| FY2026 Q3 | - | $108.04 | $4.67 | 23.1x | -80% |
| FY2026 Q2 | Dec 31 2025 | $152.50 | $4.24 | 36.0x | -69% |
| FY2026 Q1 | - | $159.27 | $3.99 | 39.9x | -66% |
| FY2025 Q4 | Jun 30 2025 | $181.19 | $4.01 | 45.2x | -62% |
| FY2025 Q3 | Mar 31 2025 | $187.34 | $4.01 | 46.7x | -60% |
| FY2025 Q2 | - | $199.47 | $3.90 | 51.1x | -56% |
| FY2025 Q1 | Sep 30 2024 | $164.97 | $3.91 | 42.2x | -64% |
| FY2024 Q4 | Jun 30 2024 | $131.85 | $3.91 | 33.7x | -71% |
| FY2024 Q3 | Mar 31 2024 | $171.86 | $3.71 | 46.3x | -61% |
| FY2024 Q2 | Dec 31 2023 | $164.85 | $3.23 | 51.0x | -57% |
| FY2024 Q1 | Sep 30 2023 | $181.70 | $2.84 | 64.0x | -46% |
| FY2023 Q4 | Jun 30 2023 | $184.53 | $2.50 | 73.8x | -37% |
| FY2023 Q3 | Mar 31 2023 | $198.78 | $2.11 | 94.2x | -20% |
| FY2023 Q2 | Dec 31 2022 | $194.26 | $1.71 | 113.6x | -3% |
| FY2023 Q1 | Sep 30 2022 | $241.58 | $1.60 | 151.0x | +28% |
| FY2022 Q4 | - | $174.42 | $1.61 | 108.3x | -8% |
| FY2022 Q3 | - | $205.77 | $1.55 | 132.8x | +13% |
| FY2022 Q2 | Dec 31 2021 | $236.16 | $1.58 | 149.5x | +27% |
| FY2022 Q1 | - | $280.40 | $1.58 | 177.5x | +51% |
| FY2021 Q4 | Jun 30 2021 | $190.80 | $1.25 | 152.6x | +30% |
| FY2021 Q3 | Mar 31 2021 | $179.83 | $1.13 | 159.1x | +35% |
| FY2021 Q2 | - | $205.91 | $1.20 | 171.6x | +46% |
| FY2021 Q1 | Sep 30 2020 | $161.42 | $1.13 | 142.8x | +22% |
| FY2020 Q4 | - | $145.89 | $1.16 | 125.8x | +7% |
| FY2020 Q3 | - | $88.32 | $1.25 | 70.7x | -40% |
| FY2020 Q2 | - | $120.82 | $1.04 | 116.2x | -1% |
| FY2020 Q1 | Sep 30 2019 | $97.58 | $1.04 | 93.8x | -20% |
| FY2019 Q4 | Jun 30 2019 | $93.82 | $0.97 | 96.7x | -18% |
| FY2019 Q3 | Mar 31 2019 | $89.19 | $0.76 | 117.3x | -0% |
| FY2019 Q2 | Dec 31 2018 | $60.21 | $0.96 | 62.7x | -47% |
| FY2019 Q1 | Sep 30 2018 | $80.32 | $0.87 | 92.3x | -21% |
| FY2018 Q4 | Jun 30 2018 | $58.86 | $0.70 | 84.0x | -28% |
| FY2018 Q3 | Mar 31 2018 | $51.23 | $0.66 | 78.2x | -33% |
| FY2018 Q2 | Dec 31 2017 | $47.16 | $0.22 | 218.8x | +86% |
| FY2018 Q1 | Sep 30 2017 | $48.82 | $0.17 | 282.2x | +140% |
| FY2017 Q4 | Jun 30 2017 | $45.18 | $0.11 | 400.2x | +241% |
| FY2017 Q3 | Mar 31 2017 | $38.63 | $0.08 | 499.1x | +325% |
Average P/E for displayed period: 117.5x
PCTY Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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PCTY — Frequently Asked Questions
Quick answers to the most common questions about buying PCTY stock.
What is PCTY's P/E ratio?
Paylocity Holding Corporation (PCTY) trailing twelve-month P/E ratio is 35.2x, based on TTM diluted EPS of $4.92. The 5-year average P/E is 75.1x and the historical range spans 21.2x to 177.5x.
Is PCTY stock overvalued or undervalued?
PCTY trades at 35.2x P/E, below its 5-year average of 75.1x. At the 15th percentile of its historical range (21.2x–177.5x), the stock is priced at a discount to its own history.
Is PCTY stock expensive?
No, PCTY is not expensive on a historical basis. The current P/E of 35.2x is below the 5-year average of 75.1x and sits at the 15th percentile of its valuation range.
What is PCTY's historical P/E range?
Over the past 5 years, PCTY's P/E ratio has ranged from 21.2x to 177.5x, with a median of 51.1x and an average of 75.1x. The current P/E of 35.2x places the stock at the 15th percentile of this range. Full historical data spans 2017–2026.
How does PCTY's P/E compare to the S&P 500?
PCTY trades at 35.2x P/E versus the S&P 500 median of 26.3x. The 34% premium to the market typically reflects higher expected earnings growth or quality.
How does PCTY's valuation compare to Industrials peers?
Paylocity Holding Corporation P/E of 35.2x compares to the Industrials sector median of 24.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PCTY's PEG ratio?
PCTY PEG ratio is 1.12, based on a P/E of 35.2x and EPS growth of 22.4%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is PCTY's earnings yield?
PCTY earnings yield is 2.84%, the inverse of its 35.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.