PE
Pegasystems Inc
PEGA—
Pegasystems Inc AI Insights
Informational only. Not investment advice.Snapshot
- ROIC of 32.1% TTM vs industry median 0.3% - 100x capital efficiency advantage funds 18% R&D intensity without debt[Return on Invested Capital]
- FCF of 431M TTM (25% margin) on just 11M capex - near-zero capital intensity enables 99% cash conversion[Free Cash Flow]
- Debt/equity 0.13 with 149M cash vs 77M total debt - net cash position despite 11.3B market cap[Debt to Equity]
Watch Triggers
- Operating Margin: Falls below 15% TTM — Margin compression would signal pricing pressure or cost discipline breakdown in competitive CRM/BPM market
- Free Cash Flow: FCF margin drops below 20% — Cash conversion is core thesis - deterioration signals working capital issues or hidden capex needs
- Total Revenue 3Y Growth: Decelerates below 8% — At 39x P/E, growth slowdown would trigger multiple compression toward industry median
Bull Case
ROE 52% TTM with 0.13 debt/equity - exceptional returns without leverage. Industry median ROE 0.4% makes PEGA a 130x outlier on capital efficiency.
ROEDebt to EquityROIC
FCF yield 3.8% (431M/11.3B) with 99% conversion from operating cash flow. Minimal reinvestment needs fund buybacks or M&A optionality.
Free Cash FlowCapital ExpenditureCash Flow
Bear Case
P/E 39x vs industry median 25x and P/S 6.5x vs 2.3x median - 55-185% premium requires sustained execution with no margin for error.
P/E RatioP/S RatioP/B Ratio
Revenue 3Y CAGR 12% matches industry median 6% but doesn't justify premium multiple. Growth deceleration would compress valuation rapidly.
Total Revenue 3Y GrowthTotal Revenue
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Operating leverage to expand margins as subscription mix matures beyond 17.5% operating margin TTM
1-3ymed
- Gross margin 75.7% provides expansion runway
- R&D 308M (18% of rev) can scale sub-linearly
- Near-zero capex preserves FCF conversion
Operating margin 17.5% vs 2.5% industry medianFCF margin 25% already exceeds net margin 16%Revenue 3Y CAGR 12% supports scale benefits
Valuation Context
Caveats
Public Strategies Rankings
See how Pegasystems Inc ranks across different investment strategies.
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PEGA Fundamentals
Information → Data Processing, Hosting, and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$9.57B | — | ||
$9.5B | — | ||
33 | — | ||
$1.73B | +17.0% | — | |
$1.57 | +68.9% | — | |
17.5% | +5.9% | — | |
16.1% | +7.8% | — | |
$430.75M | +33.3% | — | |
0.52 | +13.6% | — | |
Beta 5Y (Monthly) | unknown | — |
PEGA Dividend History
79 dividends
2026
$0.030001/02/26$0.0300
2025
$0.120010/01/25$0.0300
07/01/25$0.0600
04/01/25$0.0150
01/02/25$0.0150
2024
$0.045010/01/24$0.0150
07/01/24$0.0150
03/28/24$0.0150
2023
$0.060012/29/23$0.0150
09/29/23$0.0150
06/30/23$0.0150
03/31/23$0.0150
2022
$0.060012/30/22$0.0150
09/30/22$0.0150
06/30/22$0.0150
03/31/22$0.0150
2021
$0.060012/31/21$0.0150
09/30/21$0.0150
06/30/21$0.0150
03/31/21$0.0150
2020
$0.060012/30/20$0.0150
09/30/20$0.0150
06/30/20$0.0150
03/31/20$0.0150
2019
$0.060012/30/19$0.0150
09/30/19$0.0150
06/28/19$0.0150
03/29/19$0.0150
2018
$0.060012/28/18$0.0150
09/28/18$0.0150
06/29/18$0.0150
03/29/18$0.0150
2017
$0.060012/29/17$0.0150
09/29/17$0.0150
06/29/17$0.0150
03/30/17$0.0150
2016
$0.060012/28/16$0.0150
09/29/16$0.0150
06/29/16$0.0150
03/30/16$0.0150
2015
$0.060012/29/15$0.0150
09/29/15$0.0150
06/29/15$0.0150
03/30/15$0.0150
2014
$0.052512/29/14$0.0150
09/29/14$0.0150
06/27/14$0.0150
04/03/14$0.0075
2013
$0.030012/30/13$0.0075
09/27/13$0.0075
06/27/13$0.0075
03/27/13$0.0075
2012
$0.030011/29/12$0.0075
09/27/12$0.0075
06/28/12$0.0075
03/29/12$0.0075
2011
$0.030012/28/11$0.0075
09/29/11$0.0075
06/29/11$0.0075
03/30/11$0.0075
2010
$0.030012/30/10$0.0075
09/29/10$0.0075
06/29/10$0.0075
03/30/10$0.0075
2009
$0.030012/30/09$0.0075
09/29/09$0.0075
06/29/09$0.0075
03/30/09$0.0075
2008
$0.030012/30/08$0.0075
09/29/08$0.0075
06/27/08$0.0075
03/28/08$0.0075
2007
$0.037512/28/07$0.0075
09/27/07$0.0075
06/28/07$0.0075
03/29/07$0.0075
01/08/07$0.0075
2006
$0.015009/28/06$0.0075
06/29/06$0.0075
PEGA Stock Splits
2 stock splits
06/23/251:2 split
04/02/140.5:1 split
PEGA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/21/25 | 09/30/25 | 10-Q | |
07/22/25 | 06/30/25 | 10-Q | |
04/22/25 | 03/31/25 | 10-Q | |
02/12/25 | 12/31/24 | Unknown | |
10/23/24 | 09/30/24 | 10-Q | |
07/24/24 | 06/30/24 | 10-Q | |
04/24/24 | 03/31/24 | 10-Q | |
02/14/24 | 12/31/23 | 10-K | |
10/25/23 | 09/30/23 | 10-Q | |
07/26/23 | 06/30/23 | 10-Q | |
04/26/23 | 03/31/23 | 10-Q | |
02/15/23 | 12/31/22 | 10-K | |
10/26/22 | 09/30/22 | 10-Q | |
07/27/22 | 06/30/22 | 10-Q | |
04/28/22 | 03/31/22 | 10-Q | |
02/16/22 | 12/31/21 | 10-K | |
10/27/21 | 09/30/21 | 10-Q | |
07/28/21 | 06/30/21 | 10-Q | |
04/28/21 | 03/31/21 | 10-Q | |
02/17/21 | 12/31/20 | 10-K | |
10/28/20 | 09/30/20 | 10-Q | |
07/28/20 | 06/30/20 | 10-Q | |
04/29/20 | 03/31/20 | 10-Q | |
02/12/20 | 12/31/19 | 10-K | |
11/07/19 | 09/30/19 | 10-Q | |
08/07/19 | 06/30/19 | 10-Q | |
05/07/19 | 03/31/19 | 10-Q | |
02/20/19 | 12/31/18 | 10-K | |
11/07/18 | 09/30/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
02/26/18 | 12/31/17 | 10-K | |
11/08/17 | 09/30/17 | 10-Q | |
08/09/17 | 06/30/17 | 10-Q | |
05/10/17 | 03/31/17 | 10-Q | |
02/24/17 | 12/31/16 | 10-K | |
11/02/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/25/16 | 12/31/15 | 10-K | |
10/27/15 | 09/30/15 | 10-Q | |
07/29/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
02/26/15 | 12/31/14 | 10-K | |
11/04/14 | 09/30/14 | 10-Q | |
08/05/14 | 06/30/14 | 10-Q | |
05/06/14 | 03/31/14 | 10-Q | |
02/25/14 | 12/31/13 | 10-K | |
11/12/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/06/13 | 03/31/13 | 10-Q | |
02/20/13 | 12/31/12 | 10-K | |
11/08/12 | 09/30/12 | 10-Q | |
08/09/12 | 06/30/12 | 10-Q | |
05/03/12 | 03/31/12 | 10-Q | |
02/29/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/10/11 | 03/31/11 | 10-Q | |
03/16/11 | 12/31/10 | 10-K | |
11/09/10 | 09/30/10 | 10-Q | |
08/09/10 | 06/30/10 | 10-Q | |
04/22/10 | 03/31/10 | 10-Q | |
02/22/10 | 12/31/09 | 10-K | |
11/03/09 | 09/30/09 | 10-Q | |
08/04/09 | 06/30/09 | 10-Q | |
05/05/09 | 03/30/09 | 10-Q | |
03/09/09 | 12/31/08 | 10-K | |
11/06/08 | 09/30/08 | 10-Q | |
08/07/08 | 06/30/08 | 10-Q | |
05/08/08 | 03/30/08 | Unknown | -- |
03/10/08 | 12/31/07 | 10-K | |
11/05/07 | 09/30/07 | 10-Q | |
08/07/07 | 06/30/07 | 10-Q | |
05/21/07 | 03/30/07 | Unknown | -- |
05/03/07 | 12/31/06 | 5 | |
04/25/07 | 09/30/06 | NT 10-Q | |
08/07/06 | 06/30/06 | 10-Q | |
05/03/06 | 03/30/06 | Unknown | -- |
03/07/06 | 12/31/05 | 5 | |
11/08/05 | 09/30/05 | 10-Q | |
07/29/05 | 06/30/05 | 10-Q | |
04/28/05 | 03/30/05 | Unknown | -- |
02/25/05 | 12/31/04 | 5 | |
10/29/04 | 09/30/04 | 4 | |
07/28/04 | 06/30/04 | 10-Q | |
04/29/04 | 03/30/04 | Unknown | -- |
02/17/04 | 12/31/03 | 10-K | |
10/23/03 | 09/30/03 | 10-Q | |
07/28/03 | 06/30/03 | 10-Q | |
04/29/03 | 03/30/03 | Unknown | -- |
03/11/03 | 12/31/02 | 10-K | |
10/23/02 | 09/30/02 | 10-Q | |
07/24/02 | 06/30/02 | 10-Q | |
04/24/02 | 03/30/02 | Unknown | -- |
03/28/02 | 12/31/01 | 10-K405 | |
10/23/01 | 09/30/01 | 10-Q | |
08/02/01 | 06/30/01 | 10-Q | |
05/07/01 | 03/30/01 | Unknown | -- |
04/02/01 | 12/31/00 | 10-K405 | |
11/14/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |