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Procore Technologies Inc (PCOR)

Fair Value
TechnologySoftware - ApplicationUnited States

Fundamental

49

Price

$51.72

Market Cap

$7.45B

Part 1 · What the company is worth

Overview

Procore Technologies, Inc., together with its subsidiaries, provides a cloud-based construction management platform and related products and services in the United States and internationally. Its platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. The company offers Preconstruction that facilitates collaboration between internal and external stakeholders during the takeoff, planning, budgeting, estimating, bidding, design, and partner selection phases of a construction project and Project Execution, which enables collaboration, information transmission and storage, and safety regulation compliance for teams on the jobsite and in the back office. It also provides Resource Management, that helps customers to schedule, track, and forecast workforce and equipment productivity, improve time management, communicate with workforces, optimize procurement and movement of materials, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, and support payments between key stakeholders. The company serves owners, general contractors, and specialty contractors operating in the residential and non-residential segments of the construction industry. The company sells its products online through computers, smartphones, tablets, web browser, and mobile application available for iOS and Android platforms. Procore Technologies, Inc. was formerly known as Butterfly Lane, Inc and changed its name to Procore Technologies, Inc. in May 2002. The company was incorporated in 2002 and is headquartered in Carpinteria, California.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$1.42B

Trailing 12 months (through 6/30/2026)

Net Income

$-39M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$282M

Total Equity

$1.26B

Total Liabilities

$977M

Current Ratio

1.17

Interest Coverage

68.02

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$56.22

Current Price

$51.72

Margin of Safety

+8.0%

Fair Value Range

$42.63 - $69.82

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$68.38
Discounted cash flow (DCF):$41.03
Earnings multiple (P/E):Not enough data to compute it
Graham growth formula:Not enough data to compute it
Earnings power value (EPV):Not enough data to compute it
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):Not enough data to compute it
P/FFO, funds from operations:$1.03
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:$47.52
Analyst Consensus:Strong Buy (24B / 7H / 0S)
Last Earnings Surprise:+10.30%

Valuation Metrics

P/E Ratio

-

ROE

-8.0%

P/B Ratio

6.15

P/FCF

22.65

Gross Margin

80.0%

ROIC

-4.0%

Profitability Radar

Value Creation (Economic Moat)

ROIC

-4.0%

WACC

8.8%

ROIC − WACC

-12.8 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (13)

  • EPS shows upward trend
  • Gross Margin 80.0%
  • P/FCF 22.65
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Revenue Growth 5Y 27.0%
  • Analyst Consensus 77% Buy
  • Earnings Surprise avg 8.0%
  • Share Dilution 2.2%
  • Net Margin Trend -2.7% vs -11.6%

Failed (9)

  • Price CAGR -7.81%
  • ROIC -4.0%
  • P/B Ratio 6.15
  • Operating Margin -4.9%
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Overvalued)
  • ROE -3.1%
  • Piotroski F-Score 4/9

Unavailable (5)

  • Dividend Payout NaN%
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

4/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

2.2%

Issuing new shares, diluting ownership

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Craig F. Courtemanche Jr.Founder & Chairman57
Dr. Ajei S. Gopal Ph.D.President, CEO & Director63
Mr. Steven S. DavisPresident of Product & Technology58
Mr. Benjamin C. Singer Esq., J.D.Chief Legal Officer & Corporate Secretary48
Ms. Rachel PylesCFO & Treasurer41
Mr. William Fred Fleming Jr.SVP, Corporate Controller & Principal Accounting Officer41
Ms. Alexandra GellerHead of Investor Relations-
Ms. Inna LandmanChief People Officer-
Mr. Steven C. ZahmChief Experience Officer61
Mr. Matthew PuljizSenior Vice President of Finance-

Audit Risk

1

Board Risk

8

Compensation Risk

10

Shareholder Rights Risk

8

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-24

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-31

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-09-09

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for PCOR, sourced from Markets Gazette.

No recent news for PCOR.