Is PTC, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for PTC, Inc. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 46, a Price to Book Value of 6.03, and an EV to EBITDA of 27.94. In comparison to peers, PTC, Inc. has a lower P/E ratio than Veeva Systems, Inc. at 55.64, but is higher than ANSYS, Inc. at 52.27, indicating a competitive position within the industry.
Recent stock performance shows that PTC, Inc. has outperformed the S&P 500 over the 3-year and 5-year periods, with returns of 87.16% and 131.52%, respectively, compared to 81.19% and 91.29% for the index. However, the company has underperformed in the 1-year and year-to-date comparisons, suggesting a mixed outlook. Overall, PTC, Inc. is fairly valued at this time.