Is PTC, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for PTC, Inc. has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 46, an EV to EBITDA of 27.94, and a PEG ratio of 0.88, which suggests a reasonable growth expectation relative to its price.
When comparing PTC to its peers, it stands out against Take-Two Interactive Software, Inc. with a P/E of -90.83 and Veeva Systems, Inc. with a P/E of 55.64, indicating that PTC is more attractively priced within the context of its industry. Over the past year, PTC has returned 9.52%, which is lower than the S&P 500's return of 14.08%, suggesting that while it has performed well, it has not kept pace with the broader market.