PTC Inc.

DB:PMTA Stock Report

Market Cap: €18.2b

PTC Valuation

Is PMTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PMTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€411.1
Fair Value
63.0% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: PMTA (€151.95) is trading below our estimate of fair value (€411.1)

Significantly Below Fair Value: PMTA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PMTA?

Key metric: As PMTA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PMTA. This is calculated by dividing PMTA's market cap by their current earnings.
What is PMTA's PE Ratio?
PE Ratio28.7x
EarningsUS$741.03m
Market CapUS$21.10b

Price to Earnings Ratio vs Peers

How does PMTA's PE Ratio compare to its peers?

The above table shows the PE ratio for PMTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
NEM Nemetschek
52.5x18.64%€10.7b
AOF ATOSS Software
37.2x11.23%€1.7b
SAP SAP
35.6x12.79%€251.8b
TMV TeamViewer
8.1x12.57%€937.9m
PMTA PTC
28.7x6.77%€21.1b

Price-To-Earnings vs Peers: PMTA is good value based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does PMTA's PE Ratio compare vs other companies in the European Software Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PMTA 28.7xIndustry Avg. 26.6xNo. of Companies16PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PMTA is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the European Software industry average (26.4x).

Price to Earnings Ratio vs Fair Ratio

What is PMTA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PMTA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio27.9x

Price-To-Earnings vs Fair Ratio: PMTA is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (27.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PMTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€151.95
€187.81
+23.60%
11.19%€220.52€151.34n/a18
Nov ’26€170.35
€195.26
+14.62%
7.90%€220.47€164.27n/a19
Oct ’26€171.65
€191.68
+11.67%
7.49%€212.78€161.71n/a19
Sep ’26€180.70
€191.81
+6.15%
7.36%€213.43€162.20n/a19
Aug ’26€184.40
€194.04
+5.23%
7.36%€215.90€164.08n/a19
Jul ’26€145.25
€158.29
+8.98%
10.89%€203.57€135.71n/a20
Jun ’26€147.30
€163.77
+11.18%
11.11%€211.75€141.17n/a20
May ’26€133.90
€164.67
+22.98%
11.15%€212.57€141.71n/a20
Apr ’26€142.10
€194.02
+36.54%
8.60%€222.46€165.41n/a20
Mar ’26€155.90
€205.83
+32.03%
8.00%€230.71€172.07n/a20
Feb ’26€185.05
€204.01
+10.24%
7.98%€230.06€171.59n/a20
Jan ’26€175.55
€201.68
+14.88%
9.34%€228.67€148.64n/a20
Dec ’25€188.30
€197.31
+4.79%
8.48%€227.16€147.65n/a20
Nov ’25€170.45
€183.28
+7.53%
8.39%€203.02€143.96€170.3520
Oct ’25€161.35
€177.98
+10.31%
8.54%€197.10€139.76€171.6520
Sep ’25€159.25
€180.22
+13.17%
8.54%€199.58€141.52€180.7020
Aug ’25€163.65
€186.49
+13.96%
7.03%€203.87€144.57€184.4020
Jul ’25€168.30
€183.59
+9.09%
8.86%€202.16€126.81€145.2520
Jun ’25€159.85
€184.21
+15.24%
8.76%€202.33€126.92€147.3020
May ’25€167.75
€187.62
+11.85%
8.81%€205.77€129.07€133.9020
Apr ’25€174.40
€183.94
+5.47%
8.29%€203.96€127.94€142.1020
Mar ’25€172.20
€183.94
+6.82%
8.29%€203.96€127.94€155.9020
Feb ’25€162.50
€181.15
+11.48%
9.13%€202.40€126.96€185.0520
Jan ’25€158.20
€156.73
-0.93%
11.15%€192.36€119.08€175.5520
Dec ’24€143.40
€150.37
+4.86%
7.32%€166.88€119.20€188.3020
Nov ’24€131.80
€152.70
+15.85%
8.53%€170.08€118.11€170.4520
€185.92
Fair Value
18.3% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/10 04:23
End of Day Share Price 2025/11/10 00:00
Earnings2025/09/30
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PTC Inc. is covered by 42 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VruwinkBaird
Saket KaliaBarclays
Raimo LenschowBarclays