Is Paylocity Holding Corporation (PCTY) Undervalued?
Based on the current stock price of $153.65 and a P/E ratio of 38.51,Paylocity Holding Corporation has a PEG ratio of 9.56.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 9.56, PCTY appears to be potentially overvalued relative to its growth rate of 4.03%.
Based on a PEG ratio of 9.56 (adjusted for dividends).
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How we analyzed PCTY
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 38.51and dividing it by the annual growth rate of 4.03%.
PEG = 38.51 (P/E) ÷ 4.03 (Growth) = 9.56
Frequently Asked Questions about PCTY
What is the current PEG Ratio for Paylocity Holding Corporation (PCTY)?+
The current PEG Ratio for Paylocity Holding Corporation is 9.56. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is PCTY stock undervalued right now?+
Based on the PEG ratio of 9.56, Paylocity Holding Corporation appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for PCTY?+
The PEGY ratio for Paylocity Holding Corporation is 9.56. This metric accounts for dividend yield (0.00%), providing a more complete valuation picture.