<- Go home

Added to YB: 2026-09-14

Pitch date: 2026-09-10

PTC [bullish]

PTC Inc.

Author Info

Antares Research is a Substack focused on high-quality businesses, long-term compounding, and disciplined valuation. Sign up for the newsletter.

Company Info

PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, field service, and end-of-life processes; ThingWorx, an Industrial Internet of Things software; ServiceMax, a service lifecycle management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools, and deliver metrics; and Arena, a SaaS PLM solution enables product teams to collaborate virtually to share product and quality information with internal teams and supply chain partners and deliver products to customers.

Market Cap

$14.0B

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

11.56

P/E

12.49

EV/Sales

5.16

Sector

Software

Category

growth

Show full summary:
3 High-Quality-Growth Software Names Still Flying Under the Radar - PTC Inc.

PTC: PTC provides mission-critical product-development software to 30,000+ industrial customers, with high switching costs and 96% recurring revenue; Q3 ARR was $2.41B. Land-and-expand, rising product complexity and potential AI demand support growth, while the shares trade 70% below their five-year average P/E and 44% below their five-year average P/FCF. Risks include entrenched competitors, industrial cyclicality and SaaS-transition execution.

Read full article (3 min)