Paycom Software (HAM:0PY) E10: €4.32 (As of Mar. 2026)


HAM:0PY Paycom Software Inc HAM:0PY
71 GF Score
Price €125.65
GF Value €217.18
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Paycom Software E10?

Paycom Software HAM:0PY +2.57% 71 E10 is €4.32 as of Mar. 2026. GuruFocus rates HAM:0PY with a GF Score™ of 71/100 and a GF Value™ of €217.18 (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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Paycom Software's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.630. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Paycom Software's average E10 Growth Rate was 23.20% per year. During the past 3 years, the average E10 Growth Rate was 29.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Paycom Software was 29.60% per year. The lowest was 29.60% per year. And the median was 29.60% per year.

As of today (2026-07-09), Paycom Software's current stock price is €125.65. Paycom Software's E10 for the quarter that ended in Mar. 2026 was €4.32. Paycom Software's Shiller PE Ratio of today is 29.09.

During the past 13 years, the highest Shiller PE Ratio of Paycom Software was 169.12. The lowest was 22.99. And the median was 58.24.


Paycom Software  (HAM:0PY) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Paycom Software's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=125.65/4.32
=29.09

* 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 Shiller P/E Ratio of Paycom Software was 169.12. The lowest was 22.99. And the median was 58.24.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Paycom Software E10 Related Terms


Paycom Software E10 Historical Data

* Premium members only.

The historical data trend for Paycom Software's E10 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 E10 Chart

Paycom Software Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Paycom Software Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.00 0.00 0.00 4.32

HAM:0PY vs ESTC, CVLT, NAVN: E10 Comparison

For the Software - Application subindustry, Paycom Software's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Paycom Software's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Paycom Software's Shiller PE Ratio falls into.


HAM:0PY
71GF Score
Paycom Software Inc HAM:0PY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paycom Software E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.63/330.2130*330.2130
=2.630

Current CPI (Mar. 2026) = 330.2130.

Paycom Software Quarterly Data

per share eps CPI Adj_EPS
201606 0.160 241.018 0.219
201609 0.089 241.428 0.122
201612 0.142 241.432 0.194
201703 0.533 243.801 0.722
201706 0.303 244.955 0.408
201709 0.294 246.819 0.393
201712 0.186 246.524 0.249
201803 0.568 249.554 0.752
201806 0.522 251.989 0.684
201809 0.420 252.439 0.549
201812 0.475 251.233 0.624
201903 0.717 254.202 0.931
201906 0.735 256.143 0.948
201909 0.608 256.759 0.782
201912 0.702 256.974 0.902
202003 0.977 258.115 1.250
202006 0.435 257.797 0.557
202009 0.399 260.280 0.506
202012 0.345 260.474 0.437
202103 0.932 264.877 1.162
202106 0.747 271.696 0.908
202109 0.442 274.310 0.532
202112 0.743 278.802 0.880
202203 1.435 287.504 1.648
202206 0.937 296.311 1.044
202209 0.909 296.808 1.011
202212 1.303 296.797 1.450
202303 1.924 301.836 2.105
202306 1.025 305.109 1.109
202309 1.218 307.789 1.307
202312 1.311 306.746 1.411
202403 4.020 312.332 4.250
202406 1.115 314.175 1.172
202409 1.180 315.301 1.236
202412 1.929 315.605 2.018
202503 2.294 319.799 2.369
202506 1.370 322.561 1.403
202509 1.670 324.800 1.698
202512 1.768 324.054 1.802
202603 2.630 330.213 2.630

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €4.32 mean?
Paycom Software (HAM:0PY) has a E10 of €4.32 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Paycom Software and its competitors.
Is Paycom Software's E10 too high?
Paycom Software's current E10 is €4.32. Overall, Paycom Software has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paycom Software's E10 compare to ESTC and CVLT?
Paycom Software's E10 of €4.32 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 E10 for a Software company?
A good E10 depends on the Software industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Paycom Software and its competitors. Paycom Software's current E10 is €4.32. 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 (HAM:0PY) is currently considered Significantly Undervalued. The stock's GF Value™ is €217.18, compared to a current price of €125.65 — trading 42.1% below its estimated fair value. The current E10 is €4.32. Paycom Software's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Paycom Software (HAM:0PY), the current E10 is €4.32 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 (HAM:0PY) Overvalued in 2026?

Based on GuruFocus' analysis, Paycom Software stock appears to be undervalued. The current stock price of €125.65 is trading 42.1% below its estimated GF Value™ of €217.18. GuruFocus considers Paycom Software to be Significantly Undervalued.

Key valuation signals for HAM:0PY:

  • E10: €4.32
  • GF Value™: €217.18 vs. price of €125.65 (42.1% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the HAM: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.
71GF Score

Get the complete analysis for HAM:0PY

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€125.65
Price
€217.18
GF Value