PTC (FRA:PMTA) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PMTA PTC Inc FRA:PMTA
81 GF Score
Price €112.00
GF Value €181.16
Valuation Significantly Undervalued
! 3 Warning Signs
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What is PTC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PTC  (FRA:PMTA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PTC Cyclically Adjusted PB Ratio Related Terms


PTC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PTC's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PTC Cyclically Adjusted PB Ratio Chart

PTC Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.15 9.01 10.68 12.01 11.65

PTC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.28 11.65 9.71 7.55 0.00

FRA:PMTA vs GRAB, U, TYL: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, PTC's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PTC Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, PTC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PTC's Cyclically Adjusted PB Ratio falls into.


FRA:PMTA
81GF Score
PTC Inc FRA:PMTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PTC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PTC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PTC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=26.194/333.9520*333.9520
=26.194

Current CPI (Jun. 2026) = 333.9520.

PTC Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.531 241.428 9.034
201612 6.716 241.432 9.290
201703 6.841 243.801 9.371
201706 6.440 244.955 8.780
201709 6.441 246.819 8.715
201712 6.470 246.524 8.765
201803 6.467 249.554 8.654
201806 6.184 251.989 8.195
201809 6.353 252.439 8.404
201812 9.787 251.233 13.009
201903 9.350 254.202 12.283
201906 9.346 256.143 12.185
201909 9.499 256.759 12.355
201912 9.724 256.974 12.637
202003 9.966 258.115 12.894
202006 10.165 257.797 13.168
202009 10.515 260.280 13.491
202012 10.533 260.474 13.504
202103 11.865 264.877 14.959
202106 12.208 271.696 15.005
202109 14.789 274.310 18.005
202112 14.795 278.802 17.722
202203 16.176 287.504 18.789
202206 17.388 296.311 19.597
202209 19.741 296.808 22.211
202212 19.178 296.797 21.579
202303 19.879 301.836 21.994
202306 20.202 305.109 22.112
202309 21.108 307.789 22.902
202312 21.547 306.746 23.458
202403 22.617 312.332 24.183
202406 23.329 314.175 24.798
202409 24.104 315.301 25.530
202412 25.657 315.605 27.149
202503 26.120 319.799 27.276
202506 25.425 322.561 26.323
202509 27.272 324.800 28.040
202512 27.600 324.054 28.443
202603 28.908 330.213 29.235
202606 26.194 333.952 26.194

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is PTC (FRA:PMTA) Overvalued in 2026?

Based on GuruFocus' analysis, PTC stock appears to be undervalued. The current stock price of €112.00 is trading 38.2% below its estimated GF Value™ of €181.16. GuruFocus considers PTC to be Significantly Undervalued.

Key valuation signals for FRA:PMTA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €181.16 vs. price of €112.00 (38.2% below fair value)
  • GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the FRA:PMTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PTC Business Description

Address 121 Seaport Boulevard, Boston, MA, USA, 02210
PTC is a US-based global company that offers high-end computer-assisted design, product lifecycle management, and augmented reality solutions that industrial manufacturers commonly use on factory floors. Founded in 1985, PTC is a major player in parametric design and serves some of the world's most well-known equipment manufacturers, such as Caterpillar, Garmin, and Thermo Fisher.
81GF Score

Get the complete analysis for FRA:PMTA

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€112.00
Price
€181.16
GF Value