PTC (MEX:PTC) Cyclically Adjusted PB Ratio: 6.72 (As of Sep. 18, 2026) — 36% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

MEX:PTC PTC Inc MEX:PTC
73 GF Score
Price MXN2,525.00
GF Value MXN3,590.06
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is PTC Cyclically Adjusted PB Ratio?

PTC MEX:PTC 73 Cyclically Adjusted PB Ratio is 6.72 as of Sep. 18, 2026, which is 36% below its 10-year median of 10.58. GuruFocus rates MEX:PTC with a GF Score™ of 73/100 and a GF Value™ of MXN3,590.06 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,464 Software companies, PTC ranks worse than 82.17% on this metric.

As of today (2026-09-18), PTC's current share price is MXN2525.00. PTC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN375.67. PTC's Cyclically Adjusted PB Ratio for today is 6.72.

The historical rank and industry rank for PTC's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:PTC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.84   Med: 10.58   Max: 16.58
Current: 6.67

During the past years, PTC's highest Cyclically Adjusted PB Ratio was 16.58. The lowest was 5.84. And the median was 10.58.

MEX:PTC's Cyclically Adjusted PB Ratio is ranked worse than
82.17% of 1464 companies
in the Software industry
Industry Median: 2.34 vs MEX:PTC: 6.67

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

PTC's adjusted book value per share data for the three months ended in Jun. 2026 was MXN547.607. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN375.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PTC  (MEX:PTC) 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 13.42 10.20 9.56 11.16 11.47

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 10.18 12.11 9.12 6.90 5.27

MEX:PTC vs GWRE, DT, 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.


MEX:PTC
73GF Score
PTC Inc MEX:PTC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2525.00/375.67
=6.72

* 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'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)
=547.607/333.9520*333.9520
=547.607

Current CPI (Jun. 2026) = 333.9520.

PTC Quarterly Data

Book Value per Share CPI Adj_Book
201609 141.853 241.428 196.216
201612 145.943 241.432 201.870
201703 137.806 243.801 188.763
201706 130.963 244.955 178.544
201709 139.412 246.819 188.628
201712 149.800 246.524 202.926
201803 145.560 249.554 194.788
201806 142.006 251.989 188.195
201809 138.617 252.439 183.377
201812 219.277 251.233 291.474
201903 204.935 254.202 269.229
201906 202.879 256.143 264.508
201909 206.549 256.759 268.647
201912 204.026 256.974 265.143
202003 258.343 258.115 334.247
202006 264.504 257.797 342.640
202009 273.416 260.280 350.806
202012 255.325 260.474 327.351
202103 288.997 264.877 364.362
202106 292.844 271.696 359.946
202109 357.445 274.310 435.163
202112 342.130 278.802 409.807
202203 355.275 287.504 412.672
202206 370.840 296.311 417.949
202209 393.009 296.808 442.192
202212 395.901 296.797 445.462
202303 384.291 301.836 425.180
202306 375.373 305.109 410.858
202309 391.492 307.789 424.770
202312 397.918 306.746 433.210
202403 408.630 312.332 436.916
202406 459.187 314.175 488.092
202409 524.395 315.301 555.415
202412 558.621 315.605 591.095
202503 577.699 319.799 603.266
202506 554.014 322.561 573.579
202509 586.805 324.800 603.340
202512 581.072 324.054 598.820
202603 602.936 330.213 609.763
202606 547.607 333.952 547.607

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.

What does a Cyclically Adjusted PB Ratio of 6.72 mean?
PTC (MEX:PTC) has a Cyclically Adjusted PB Ratio of 6.72 as of Sep. 18, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PTC and its competitors. This is 36% below median its historical median of 10.58. Over the past decade, PTC's Cyclically Adjusted PB Ratio has ranged from 5.84 to 16.58. According to the industry distribution chart, PTC ranks #1203 out of 1464 companies in the Software industry, placing it in the top 82.2%.
Is PTC's Cyclically Adjusted PB Ratio too high?
PTC's current Cyclically Adjusted PB Ratio of 6.72 is 36% below median its 10-year median of 10.58. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 16.58. The Software industry median Cyclically Adjusted PB Ratio is 2.34. PTC's value of 6.72 is 187.2% above this industry median. Based on the distribution chart, PTC ranks #1203 out of 1464 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, PTC has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PTC's Cyclically Adjusted PB Ratio compare to GWRE and DT?
According to the Software industry distribution chart, PTC ranks #1203 out of 1464 companies for Cyclically Adjusted PB Ratio. This places PTC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. PTC's value of 6.72 is 187.2% above this benchmark. Historically, PTC's own Cyclically Adjusted PB Ratio has ranged from 5.84 to 16.58 over the past decade. While the company's 10-year median is 10.58 vs. the industry median of 2.34, PTC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.34, based on 1,464 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PTC's current Cyclically Adjusted PB Ratio of 6.72 is 187.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PTC and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTC's current Cyclically Adjusted PB Ratio is 6.72, which is 36% below median its own 10-year median of 10.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTC stock overvalued right now?
Based on GuruFocus' analysis, PTC (MEX:PTC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN3,590.06, compared to a current price of MXN2,525.00 — trading 29.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.72, which is 36% below median its 10-year median of 10.58 and 187.2% above the Software industry median of 2.34. PTC's overall GF Score™ is 73/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PTC (MEX:PTC), the current Cyclically Adjusted PB Ratio is 6.72 as of Sep. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PTC (MEX:PTC) Overvalued in 2026?

Based on GuruFocus' analysis, PTC stock appears to be undervalued. The current stock price of MXN2,525.00 is trading 29.7% below its estimated GF Value™ of MXN3,590.06. GuruFocus considers PTC to be Significantly Undervalued.

Key valuation signals for MEX:PTC:

  • Cyclically Adjusted PB Ratio: 6.72 (36% below median its 10-year median of 10.58)
  • GF Value™: MXN3,590.06 vs. price of MXN2,525.00 (29.7% below fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 187.2% above the Software median (#1203 of 1464)

No single metric tells the full story. See the MEX:PTC 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.
73GF Score

Get the complete analysis for MEX:PTC

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

MXN2,525.00
Price
MXN3,590.06
GF Value