P/E ratio for Paylocity (PCTY)
P/E ratio as of June 2024 (TTM): 53.6
According to Paylocity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 53.55. At the end of 2022 the company had a P/E ratio of 112.
P/E ratio history for Paylocity from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 112 | -22.02% |
| 2021 | 144 | -12.58% |
| 2020 | 165 | 47.25% |
| 2019 | 112 | 87.66% |
| 2018 | 59.6 | -69.66% |
| 2017 | 197 | -145.83% |
| 2016 | -429 | 58.59% |
| 2015 | -270 | 314.15% |
| 2014 | -65.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 38.2 | -28.69% | 🇺🇸 USA |
 Oracle ORCL | 39.8 | -25.66% | 🇺🇸 USA |
 Automatic Data Processing ADP | 28.7 | -46.38% | 🇺🇸 USA |
 Paychex PAYX | 27.5 | -48.58% | 🇺🇸 USA |
 Paycom
PAYC | 24.4 | -54.42% | 🇺🇸 USA |
 Workday WDAY | -437 | -915.86% | 🇺🇸 USA |
 Cornerstone OnDemand
CSOD | N/A | N/A | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.