Paylocity Holding Corp (PCTY)
Services-Prepackaged Software
Latest Price
$141.66
TTM P/E
30.14
Normalized P/E
43.19
Div Yield
--
Book Value
21.75
P/B Ratio
6.51
Valuation metrics
adjust assumptions →EPS: $4.92
Book value / share: $22.93
Formula: √(22.5 × EPS × BVPS)
Graham Number
$50.38
64% downside
Norm. op. income: $155M (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$25.30
82% downside
Base FCF: $367M (median of recent 5yr)
Growth: 21%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$398.18
+181% upside
EPS: $4.92
Target P/E: 43×
Formula: EPS × P/E
P/E Fair Value
$211.56
+49% upside
Institutional Ownership
85.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4.12M | $430.0M | 7.73% | -271.2K | 2026-06-30 |
| T. Rowe Price Investment Management, Inc. | 3.11M | $324.0M | 5.83% | -934.7K | 2026-06-30 |
| AQR CAPITAL MANAGEMENT LLC | 2.35M | $245.0M | 4.42% | +1.22M | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.19M | $228.0M | 4.10% | +7.6K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.95M | $203.0M | 3.65% | -7.9K | 2026-06-30 |
| CITADEL ADVISORS LLC | 1.56M | $162.0M | 2.93% | -191.1K | 2026-06-30 |
| MORGAN STANLEY | 1.43M | $148.0M | 2.68% | +88.3K | 2026-06-30 |
| STATE STREET CORP | 1.40M | $146.0M | 2.62% | +56.8K | 2026-06-30 |
| UBS Group AG | 1.30M | $135.0M | 2.43% | +858.2K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.28M | $133.0M | 2.40% | -12.9K | 2026-06-30 |