Paylocity Holding Corporation

Paylocity Holding Corporation

PCTYยทNASDAQ

$112.82

+0.92%
TechnologySoftware - Application

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions. It also provides human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications. In addition, the company offers talent management solutions comprising recruiting and onboarding, as well as learning, performance, and compensation management; employee benefits management and third-party administrative solutions; employee experiences solutions, including community, premium video, survey, and peer recognition; and insights and recommendations solutions, such as modern workforce index, data insights, and reporting. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.

At a Glance

Live Snapshot
Market Cap$6.04B
EPS4.0800
P/E Ratio27.65
Earnings Date07/30/2026
Paylocity Holding Corporation

Paylocity Holding Corporation Fair Value Envelope

PCTY ยท NASDAQ

Our analysis suggests that PCTY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $112.82, this represents a potential HIDDEN relative to our calculated worth for Paylocity Holding Corporation.

Intrinsic Value
Current Price: $112.82

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3.6B
+ Cash & Equivalents$398.1M
Firm Value$4.0B
- Debt$217.9M
Equity Value$3.8B
/ Shares Outstanding55,491,407B
DCF Value$68
OVERVALUED BY 40%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$391.1M
$365.6M
$341.9M
$319.7M
$298.9M
$279.5M
$261.3M
$244.3M
$228.5M
$213.6M
Maintenance CapEx
-$14.1M
-$13.2M
-$12.3M
-$11.5M
-$10.8M
-$10.1M
-$9.4M
-$8.8M
-$8.2M
-$7.7M
Owner Earnings
$376.9M
$352.4M
$329.5M
$308.1M
$288.1M
$269.4M
$251.9M
$235.5M
$220.2M
$205.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$349.0M
$302.2M
$261.6M
$226.5M
$196.1M
$169.8M
$147.0M
$127.2M
$110.2M
$95.4M
Terminal Value represents 45.0% of Enterprise Value