PAYC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	10.47B EUR	5.57B EUR	5.66B EUR	8.73B EUR
Enterprise Value	10.97B EUR	6.35B EUR	6.27B EUR	8.45B EUR
Valuation Multiples
Trailing P/E	24.57x	11.42x	12.06x	27.81x
Forward P/E	16.63x	--	--	--
Price to Sales	4.89x	2.6x	2.71x	5.74x
Price to Book	17.68x	9.74x	6.98x	5.04x
EV/Revenue	5.12x	2.97x	3x	5.56x
EV/EBITDA	14.92x	7.09x	7.48x	14.88x
Price to FCF (P/FCF)	24.7x	9.76x	12.83x	33.76x
EV/FCF	25.88x	11.13x	14.22x	32.68x
FCF Yield	4.05%	10.25%	7.79%	2.96%