Is PTC, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for PTC, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. 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 that while the stock is not undervalued, it is not excessively overvalued either.
In comparison to peers, PTC, Inc. has a P/E ratio of 49.59, which is higher than that of ANSYS, Inc. at 52.27, but lower than Veeva Systems, Inc. at 55.64. Additionally, PTC's EV to EBITDA ratio is more favorable than that of Veeva Systems, which stands at 45.44. Over the past year, PTC, Inc. has returned 9.52%, which lags behind the S&P 500's 14.08%, suggesting that while the stock has performed well, it has not kept pace with the broader market.