Obermatt

Paycom Software

NYQ:PAYC · US70432V1026
Professional ServicesLarge

360

83
EV / EBIT75
Price / Owner Earnings27
Owner Earnings Yield37
Dividend Yield93
Price/Sales58
EV / Gross Profit72
Price/Book36
Return on Capital93
Cash Return on Capital75
Return on Equity88
EBIT Margin93
Gross Profitability69
Cash Conversion50
Accruals35
Owner Earnings Margin73
Sales growth30
Profit Growth81
Long-Term EPS Growth76
Owner Earnings Growth25
Reinvestment12
Price momentum26
Debt load30
Refinancing84
Debt Payback64
Liquidity93
Analyst ratings31
Opinion Changes50
Price Target Upside32
Market mood19
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Paycom Software clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryProfessional Services
SizeLarge
TypePublic Company
ExchangeNYSE
Founded2013
Employees5,400
Websitepaycom.com
ISINUS70432V1026
Last UpdateApr 2, 2026
Themes
HRTechE-learningSoftware DevelopmentData ProtectionProcess AutomationWorkTechPredictive AnalyticsCloud Data ServicesData IntegrationHuman ResourcesSoftware

Description

Paycom Software, Inc. provides a comprehensive, cloud-based HCM solution delivered as Software-as-a-Service (‘SaaS’). The company provides functionality and data analytics that businesses need to manage the complete employment lifecycle, from recrui…

Analysis

Quality compounder

Paycom Software, Inc. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 21.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 7% a year, against analyst forecasts of 13%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analysts lean positive.

Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
66
2023202420252026

All-time high

100

Jan 2025

All-time low

66

Jun 2026

Average rank

87

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
58
30
23
11
Price/Earnings
76
68
68
61
Price/Book
36
45
41
20
Dividend Yield
93
92
92
1
Value (overall)
90
87
82
25

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →