What is Ptc Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Ptc Inc.'s reported free cash flow gives $204.44 per share. The share price was $138.12 on September 25, 2026, 32% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 8.5% | 10.0% | $123.16 | -11% |
| Base | 13.5% | 9.0% | $204.44 | +48% |
| Bull | 18.5% | 8.0% | $366.35 | +165% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $266.95 | $286.37 | $310.10 | $339.76 | $377.89 |
| 8.0% | $220.05 | $232.64 | $247.52 | $265.38 | $287.20 |
| 9.0% | $185.90 | $194.51 | $204.44 | $216.03 | $229.72 |
| 10.0% | $159.98 | $166.10 | $173.04 | $180.97 | $190.12 |
| 11.0% | $139.68 | $144.17 | $149.18 | $154.82 | $161.22 |
Where the presets come from
Base: years 1 to 5 grow at Ptc Inc.'s revenue growth rate over the last 5 fiscal years (13.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions