Paycom Software (STU:0PY) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

STU:0PY Paycom Software Inc STU:0PY
96 GF Score
Price €195.95
GF Value €243.71
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Paycom Software Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Paycom Software  (STU:0PY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Paycom Software Cyclically Adjusted PS Ratio Related Terms


Paycom Software Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Paycom Software's Cyclically Adjusted PS 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.

Paycom Software Cyclically Adjusted PS Ratio Chart

Paycom Software Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.01 29.37 14.49 12.36 7.10

Paycom Software Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 10.85 9.96 7.05 5.15 5.14

STU:0PY vs ESTC, BSY, PCOR: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Paycom Software's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Paycom Software Cyclically Adjusted PS Ratio vs Software Industry

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

* The bar in red indicates where Paycom Software's Cyclically Adjusted PS Ratio falls into.


STU:0PY
96GF Score
Paycom Software Inc STU:0PY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Paycom Software Cyclically Adjusted PS Ratio Calculation

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

Paycom Software's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Paycom Software's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=9.952/333.9520*333.9520
=9.952

Current CPI (Jun. 2026) = 333.9520.

Paycom Software Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.176 241.428 1.627
201612 1.383 241.432 1.913
201703 1.916 243.801 2.624
201706 1.518 244.955 2.070
201709 1.466 246.819 1.984
201712 1.668 246.524 2.260
201803 2.132 249.554 2.853
201806 1.841 251.989 2.440
201809 1.957 252.439 2.589
201812 2.262 251.233 3.007
201903 3.020 254.202 3.967
201906 2.580 256.143 3.364
201909 2.696 256.759 3.507
201912 2.992 256.974 3.888
202003 3.765 258.115 4.871
202006 2.831 257.797 3.667
202009 2.892 260.280 3.711
202012 3.184 260.474 4.082
202103 3.870 264.877 4.879
202106 3.460 271.696 4.253
202109 3.735 274.310 4.547
202112 4.281 278.802 5.128
202203 5.413 287.504 6.288
202206 5.121 296.311 5.772
202209 5.717 296.808 6.432
202212 6.264 296.797 7.048
202303 7.259 301.836 8.031
202306 6.351 305.109 6.951
202309 6.443 307.789 6.991
202312 7.063 306.746 7.689
202403 8.144 312.332 8.708
202406 7.158 314.175 7.609
202409 7.351 315.301 7.786
202412 8.237 315.605 8.716
202503 8.956 319.799 9.352
202506 7.552 322.561 7.819
202509 7.481 324.800 7.692
202512 8.487 324.054 8.746
202603 9.553 330.213 9.661
202606 9.952 333.952 9.952

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Paycom Software (STU:0PY) Overvalued in 2026?

Based on GuruFocus' analysis, Paycom Software stock appears to be undervalued. The current stock price of €195.95 is trading 19.6% below its estimated GF Value™ of €243.71. GuruFocus considers Paycom Software to be Modestly Undervalued.

Key valuation signals for STU:0PY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €243.71 vs. price of €195.95 (19.6% below fair value)
  • GF Score™: 96/100 with 6 warning signs

No single metric tells the full story. See the STU:0PY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Paycom Software Business Description

Address 7501 W. Memorial Road, Oklahoma, OK, USA, 73142
Founded in 1998, Paycom is a human capital management software-as-a-service provider addressing customer requirements surrounding payroll, talent acquisition, talent management, HR management, as well as time and labor. The company services businesses of all sizes within the United States and internationally. The company primarily generates revenue through the sale of subscriptions providing access to its HCM platform. To a lesser extent, the company also generates revenue from implementation services provided to customers as well as interest income generated from customer funds. As of fiscal 2024, the company serviced slightly over 37,500 customers and stored data on over 7 million employees.
96GF Score

Get the complete analysis for STU:0PY

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

€195.95
Price
€243.71
GF Value