Is PTC, Inc. overvalued or undervalued?

As of 30 July 2025, the valuation grade for PTC, Inc. has moved from expensive to fair, indicating a more favorable assessment of its market position. Based on the current metrics, PTC, Inc. appears fairly valued. The company has a P/E ratio of 46, a Price to Book Value of 6.03, and an EV to EBITDA of 27.94, which are competitive when compared to peers like ANSYS, Inc. with a P/E of 52.27 and Veeva Systems, Inc. at 55.64.
In terms of performance, PTC, Inc. has shown a solid return of 17.74% over the past year, slightly outperforming the S&P 500's return of 17.14%. However, over the longer term, the company's 5-year return of 139.45% is significantly higher than the S&P 500's 96.61%, suggesting strong historical performance relative to the broader market.