Paycom Software (MEX:PAYC) E10: MXN94.09 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:PAYC Paycom Software Inc MEX:PAYC
94 GF Score
Price MXN2,640.00
GF Value MXN4,518.74
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Paycom Software E10?

Paycom Software MEX:PAYC 94 E10 is MXN94.09 as of Mar. 2026. GuruFocus rates MEX:PAYC with a GF Score™ of 94/100 and a GF Value™ of MXN4,518.74 (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 MXN54.819. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN94.09 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 (2026-07-21), Paycom Software's current stock price is MXN2640.00. Paycom Software's E10 for the quarter that ended in Mar. 2026 was MXN94.09. Paycom Software's Shiller PE Ratio of today is 28.06.

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 57.92.


Paycom Software  (MEX:PAYC) 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
=2640.00/94.09
=28.06

* 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 57.92.


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 40.08 44.81 84.27 85.28

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 82.43 80.94 89.35 85.28 94.09

MEX:PAYC 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.


MEX:PAYC
94GF Score
Paycom Software Inc MEX:PAYC
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)
=54.819/330.2130*330.2130
=54.819

Current CPI (Mar. 2026) = 330.2130.

Paycom Software Quarterly Data

per share eps CPI Adj_EPS
201606 3.329 241.018 4.561
201609 1.934 241.428 2.645
201612 3.093 241.432 4.230
201703 10.733 243.801 14.537
201706 6.146 244.955 8.285
201709 6.352 246.819 8.498
201712 4.321 246.524 5.788
201803 12.717 249.554 16.827
201806 11.986 251.989 15.707
201809 9.165 252.439 11.989
201812 10.603 251.233 13.936
201903 15.712 254.202 20.410
201906 15.943 256.143 20.553
201909 13.227 256.759 17.011
201912 14.711 256.974 18.904
202003 25.324 258.115 32.398
202006 11.310 257.797 14.487
202009 10.383 260.280 13.173
202012 8.355 260.474 10.592
202103 22.690 264.877 28.287
202106 17.915 271.696 21.773
202109 10.692 274.310 12.871
202112 17.232 278.802 20.410
202203 31.459 287.504 36.132
202206 19.917 296.311 22.196
202209 18.103 296.808 20.140
202212 26.904 296.797 29.933
202303 37.131 301.836 40.622
202306 19.030 305.109 20.596
202309 22.645 307.789 24.295
202312 24.273 306.746 26.130
202403 72.526 312.332 76.678
202406 21.984 314.175 23.106
202409 25.794 315.301 27.014
202412 42.129 315.605 44.079
202503 50.736 319.799 52.388
202506 29.750 322.561 30.456
202509 35.955 324.800 36.554
202512 37.272 324.054 37.980
202603 54.819 330.213 54.819

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 MXN94.09 mean?
Paycom Software (MEX:PAYC) has a E10 of MXN94.09 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 MXN94.09. Overall, Paycom Software has a GF Score™ of 94/100 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 MXN94.09 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 MXN94.09. 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 (MEX:PAYC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN4,518.74, compared to a current price of MXN2,640.00 — trading 41.6% below its estimated fair value. The current E10 is MXN94.09. Paycom Software's overall GF Score™ is 94/100 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 (MEX:PAYC), the current E10 is MXN94.09 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 (MEX:PAYC) Overvalued in 2026?

Based on GuruFocus' analysis, Paycom Software stock appears to be undervalued. The current stock price of MXN2,640.00 is trading 41.6% below its estimated GF Value™ of MXN4,518.74. GuruFocus considers Paycom Software to be Significantly Undervalued.

Key valuation signals for MEX:PAYC:

  • E10: MXN94.09
  • GF Value™: MXN4,518.74 vs. price of MXN2,640.00 (41.6% below fair value)
  • GF Score™: 94/100 with 3 warning signs

No single metric tells the full story. See the MEX:PAYC 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.
94GF Score

Get the complete analysis for MEX:PAYC

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

MXN2,640.00
Price
MXN4,518.74
GF Value