This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Paylocity Holding's Median PS Value or its related term are showing as below:
PCTY'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.64 Med: 0.66 Max: 0.74
Current: 0.65
During the past 13 years, the highest Price to Median PS Value of Paylocity Holding was 0.74. The lowest was 0.64. And the median was 0.66.
PCTY's Price-to-Median-PS-Value is ranked better than 73.63% of 1024
companies
in the Software industry
Industry Median: 0.97
vs PCTY: 0.65
Paylocity Holding Median PS Value Historical Data
The historical data trend for Paylocity Holding's Median PS Value 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.
Competitive Comparison of Paylocity Holding's Median PS Value
For the Software - Application subindustry, Paylocity Holding's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Paylocity Holding's Price-to-Median-PS-Value Distribution in the Software Industry
For the Software industry and Technology sector, Paylocity Holding's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Paylocity Holding's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 10.9451.
Paylocity Holding's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.797.
* 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.
Paylocity Holding (NAS:PCTY) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Paylocity Holding's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
168.28
/
260.46
=
0.65
* 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.
Paylocity Holding Median PS Value Related Terms
Thank you for viewing the detailed overview of Paylocity Holding's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Paylocity Holding (Paylocity Holding) Business Description
Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 36,000 clients as of fiscal 2023. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.
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