Paylocity price to free cash flow PCTY

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: 18.9×
10-year median: 55.4×
Against its 10-year history: 7th; percentile: 0 is its lowest day, 100 its highest
10-year range: 11.1× to 144×
Peer median: 22.7×

Paylocity's price to free cash flow is 18.9× as of Oct 23, 2026.

That is below its ten-year median of 55.4×, lower than on 93% of days in the last ten years.

Over that time it ranged from 11.1× in Apr 2026 to 144× in Oct 2021.

The median for 10 infrastructure software stocks of a similar size is 22.7×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	18.9×	11.1×	20.5×
2025	21.0×	19.2×	32.3×
2024	28.0×	20.9×	31.2×
2023	30.2×	26.6×	73.1×
2022	68.8×	67.9×	107×
2021	116×	87.4×	144×
2020	121×	39.4×	126×
2019	65.7×	42.4×	66.2×
2018	41.7×	37.7×	59.0×
2017	52.4×	50.4×	124×
2016	107×	107×	301×
2015	334×	327×	366×

Against its peers

Companies in Software - Infrastructure nearest Paylocity's size, closest first, today.

Company	Price to free cash flow
PCTYPaylocity	18.9×
DBXDropbox	8.9×
QLYSQualys	23.9×
APPFAppfolio	27.6×
BSYBentley Systems	24.1×
PATHUiPath	20.3×
PAYCPaycom Software	21.5×
CVLTCommvault Systems	27.2×
OTEXOpen Text	8.4×
AKAMAkamai Technologies	14.1×
MANHManhattan Associates	34.8×
Peer median	22.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Paylocity

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.