Paylocity
PCTY
#1683
Rank
$9.68 B
Marketcap
$171.86
Share price
-0.83%
Change (1 day)
-5.10%
Change (1 year)

P/E ratio for Paylocity (PCTY)

P/E ratio as of March 2024 (TTM): 66.1

According to Paylocity's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 66.1. At the end of 2022 the company had a P/E ratio of 112.

P/E ratio history for Paylocity from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022112-22.02%
2021144-12.58%
202016547.25%
201911287.66%
201859.6-69.66%
2017197-145.83%
2016-42958.59%
2015-270314.15%
2014-65.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
37.9-42.66%๐Ÿ‡บ๐Ÿ‡ธ USA
36.2-45.24%๐Ÿ‡บ๐Ÿ‡ธ USA
29.6-55.29%๐Ÿ‡บ๐Ÿ‡ธ USA
27.7-58.06%๐Ÿ‡บ๐Ÿ‡ธ USA
34.0-48.53%๐Ÿ‡บ๐Ÿ‡ธ USA
-569-960.59%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.