Paycom Software, Inc. (PAYC)

Services-Prepackaged Software

Latest Price

$260.66

TTM P/E

27.73

Normalized P/E

36.48

TTM Div Yield

0.43%

Fwd Div Yield

0.58%

Book Value

12.00

P/B Ratio

21.72

Valuation metrics

EPS: $8.08

Book value / share: $31.60

Formula: √(22.5 × EPS × BVPS)

Graham Number

$75.79

71% downside

Norm. op. income: $379M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$59.13

77% downside

Base FCF: $292M (median of recent 5yr)

Growth: 18%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$250.47

4% downside

EPS: $8.08

Target P/E: 36×

Formula: EPS × P/E

P/E Fair Value

$290.88

+12% upside

90.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	5.03M	$632.0M	11.36%	-1.01M	2026-06-30
Harris Associates L P	3.40M	$426.0M	7.67%	+139.7K	2026-06-30
Vanguard Portfolio Management LLC	2.07M	$260.0M	4.67%	-320.8K	2026-06-30
Vanguard Capital Management LLC	1.84M	$231.0M	4.16%	-260.0K	2026-06-30
Two Sigma Investments, LP	1.41M	$176.0M	3.18%	--	2026-06-30
State Street Corp	1.38M	$173.0M	3.12%	-343.9K	2026-06-30
Reinhart Partners, LLC.	1.22M	$153.0M	2.75%	+204.2K	2026-06-30
Geode Capital Management, LLC	1.21M	$152.0M	2.74%	-109.7K	2026-06-30
Baillie Gifford & Co	975.4K	$122.0M	2.20%	-561.9K	2026-06-30
First Trust Advisors LP	974.2K	$122.0M	2.20%	+92.3K	2026-06-30