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Paylocity Holding Corp PCTY

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2014-03-19 · LEI

Paylocity Holding Corp statistics & valuation

Market cap$5.7B
P / E21.1×
P / S3.2×
P / B4.7×
P / FCF11.5×
Net margin15.2%
Return on equity22.1%
FCF margin28.1%
Net cash$190.7M
Net debt / EBITDA-0.4×
Enterprise value USD$5.5B
EV / EBITDA11.1×
Earnings yield EBIT/EV7%
Return on capital26.4%
Graham number -65.9%$49.69

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($49.69); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.20% 10.20% 11.50% 11.50% 11.10% 10.60% 12.00% 14.70% 14.20% 15.20% 2017201820192020202120222023202420252026
Gross margin (%)
58.70% 60.50% 67.10% 67.60% 65.50% 66.30% 68.80% 68.50% 68.80% 69.20% 2017201820192020202120222023202420252026
Operating margin (%)
2.40% 4.20% 12.00% 11.80% 9.10% 9.90% 13.20% 18.50% 19.10% 21.80% 2017201820192020202120222023202420252026
Return on equity (%)
4.60% 18.10% 17.50% 16.40% 14.80% 14.80% 16.70% 20.00% 18.40% 22.10% 2017201820192020202120222023202420252026
Shares outstanding
54.1M 54.9M 55.4M 55.8M 56.3M 56.4M 56.6M 57.0M 56.5M 54.8M 2017201820192020202120222023202420252026
Net debt ($)
-$150.9M -$401.8M -$235.6M -$190.7M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
0.60% 2.60% 3.00% 3.20% 2.90% 1.90% 3.80% 4.90% 5.20% 5.50% 2017201820192020202120222023202420252026
Free cash flow margin (%)
13.50% 20.20% 22.20% 17.10% 18.20% 16.10% 22.20% 26.10% 25.40% 28.10% 2017201820192020202120222023202420252026
Debt / equity (×)
0.25× 0.00× 0.13× 0.07× 2017201820192020202120222023202420252026
EPS ($)
$0.12 $0.70 $0.97 $1.15 $1.26 $1.61 $2.49 $3.63 $4.02 $4.92 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Paylocity Holding Corp trades at about 29.6× earnings — below its 10-year norm (10-year range 28×–378.9×, median 105.2×).

28× 378.9×

Shaded band = 10-year range (28×–378.9×); dot = today's 29.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin69.2%68.8%68.5%68.8%66.3%65.5%67.6%67.1%60.5%58.7%
Operating margin21.8%19.1%18.5%13.2%9.9%9.1%11.8%12.0%4.2%2.4%
Net margin15.2%14.2%14.7%12.0%10.6%11.1%11.5%11.5%10.2%2.2%
FCF margin28.1%25.4%26.1%22.2%16.1%18.2%17.1%22.2%20.2%13.5%
Return on assets5.5%5.2%4.9%3.8%1.9%2.9%3.2%3.0%2.6%0.6%
Return on equity22.1%18.4%20.0%16.7%14.8%14.8%16.4%17.5%18.1%4.6%
Debt / equity0.07×0.13×0.00×———0.25×———
Current ratio1.091.141.131.101.031.091.181.101.081.09

Computed from company filings · US · as of 2025-06-30. Facts plus Stocktoria's own computed scores — not investment advice.