Paycom Software (MIL:1PAYC) Cyclically Adjusted Revenue per Share: €21.29 (As of Mar. 2026)

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MIL:1PAYC Paycom Software Inc MIL:1PAYC
73 GF Score
Price €127.80
GF Value €242.21
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Paycom Software Cyclically Adjusted Revenue per Share?

Paycom Software MIL:1PAYC +5.88% 73 Cyclically Adjusted Revenue per Share is €21.29 as of Mar. 2026. GuruFocus rates MIL:1PAYC with a GF Score™ of 73/100 and a GF Value™ of €242.21 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Paycom Software's adjusted revenue per share for the three months ended in Mar. 2026 was €9.660. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €21.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Paycom Software's average Cyclically Adjusted Revenue Growth Rate was 20.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 23.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Paycom Software was 23.50% per year. The lowest was 23.50% per year. And the median was 23.50% per year.

As of today (2026-07-26), Paycom Software's current stock price is €127.80. Paycom Software's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €21.29. Paycom Software's Cyclically Adjusted PS Ratio of today is 6.00.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Paycom Software was 31.11. The lowest was 5.01. And the median was 12.16.


Paycom Software  (MIL:1PAYC) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Paycom Software's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=127.80/21.29
=6.00

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Paycom Software was 31.11. The lowest was 5.01. And the median was 12.16.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Paycom Software Cyclically Adjusted Revenue per Share Related Terms


Paycom Software Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Paycom Software's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Paycom Software Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 18.10

Paycom Software Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 0.00 17.21 18.54 18.10 21.29

MIL:1PAYC vs ESTC, CVLT, NAVN: Cyclically Adjusted Revenue per Share 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.


MIL:1PAYC
73GF Score
Paycom Software Inc MIL:1PAYC
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paycom Software Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.66/330.2130*330.2130
=9.660

Current CPI (Mar. 2026) = 330.2130.

Paycom Software Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.120 241.018 1.534
201609 1.170 241.428 1.600
201612 1.399 241.432 1.913
201703 1.909 243.801 2.586
201706 1.486 244.955 2.003
201709 1.443 246.819 1.931
201712 1.643 246.524 2.201
201803 2.125 249.554 2.812
201806 1.878 251.989 2.461
201809 1.951 252.439 2.552
201812 2.272 251.233 2.986
201903 3.034 254.202 3.941
201906 2.565 256.143 3.307
201909 2.722 256.759 3.501
201912 2.982 256.974 3.832
202003 3.753 258.115 4.801
202006 2.769 257.797 3.547
202009 2.868 260.280 3.639
202012 3.120 260.474 3.955
202103 3.916 264.877 4.882
202106 3.460 271.696 4.205
202109 3.742 274.310 4.505
202112 4.334 278.802 5.133
202203 5.514 287.504 6.333
202206 5.163 296.311 5.754
202209 5.816 296.808 6.471
202212 6.009 296.797 6.686
202303 7.274 301.836 7.958
202306 6.380 305.109 6.905
202309 6.568 307.789 7.047
202312 6.891 306.746 7.418
202403 8.126 312.332 8.591
202406 7.159 314.175 7.524
202409 7.271 315.301 7.615
202412 8.423 315.605 8.813
202503 8.716 319.799 9.000
202506 7.421 322.561 7.597
202509 7.452 324.800 7.576
202512 8.421 324.054 8.581
202603 9.660 330.213 9.660

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €21.29 mean?
Paycom Software (MIL:1PAYC) has a Cyclically Adjusted Revenue per Share of €21.29 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Paycom Software and its competitors.
Is Paycom Software's Cyclically Adjusted Revenue per Share too high?
Paycom Software's current Cyclically Adjusted Revenue per Share is €21.29. Overall, Paycom Software has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paycom Software's Cyclically Adjusted Revenue per Share compare to ESTC and CVLT?
Paycom Software's Cyclically Adjusted Revenue per Share of €21.29 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Paycom Software and its competitors. Paycom Software's current Cyclically Adjusted Revenue per Share is €21.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paycom Software stock overvalued right now?
Based on GuruFocus' analysis, Paycom Software (MIL:1PAYC) is currently considered Significantly Undervalued. The stock's GF Value™ is €242.21, compared to a current price of €127.80 — trading 47.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €21.29. Paycom Software's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Paycom Software (MIL:1PAYC), the current Cyclically Adjusted Revenue per Share is €21.29 as of Mar. 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 Paycom Software (MIL:1PAYC) Overvalued in 2026?

Based on GuruFocus' analysis, Paycom Software stock appears to be undervalued. The current stock price of €127.80 is trading 47.2% below its estimated GF Value™ of €242.21. GuruFocus considers Paycom Software to be Significantly Undervalued.

Key valuation signals for MIL:1PAYC:

  • Cyclically Adjusted Revenue per Share: €21.29
  • GF Value™: €242.21 vs. price of €127.80 (47.2% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the MIL:1PAYC 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.
73GF Score

Get the complete analysis for MIL:1PAYC

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

€127.80
Price
€242.21
GF Value