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Procore Technologies, Inc (PCOR) Fair Value & Analysis

Technology · US · Market cap $6.5B

PT Procore Technologies, Inc logo Procore Technologies, Inc PCOR · US
Price$62.17
Fair Value$20.93
Upside-66.3%
Quality56/100
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Mixed Growth
Loss-making · -5.6% net margin
generates free cash flow
Trails peers (2/10)
Narrow moat 17/100
Evidence: Low Range $15.37 – $26.49 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated today

Share price +44.4% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($26.49). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$105.94 $38.30 Fair Value $20.93 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $38.30 – $105.94 · fair‑value band $15.37 – $26.49 · the $62.17 price screens above the $20.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Procore Technologies, Inc (PCOR) currently trades at $62.17, while our model-based Fair Value estimate is $20.93, implying the stock looks roughly 66.3% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Procore Technologies, Inc generated revenue of $1.4B at a net margin of -5.6%. Revenue grew 15.7% year over year. It earns a return on equity of -6.5%. The balance sheet holds a net cash position of $362M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $15.37 (bear case) to $26.49 (bull case); at $62.17, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -40% fair-value upside, at -66%, PCOR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $24.48 $41.47 $74.71 72
Rev-Margin DCF $20.74 $35.65 $65.03 67
NCAV (Graham) $4.18 $5.60 $8.37 50
All 7 models by family
DCF Models
FCF DCF $25.86 $38.10 $76.25 38
5Y Revenue Exit $19.93 $31.56 $55.86 39
10Y Revenue Exit $21.41 $41.68 $54.11 36
Multiples
EV/Revenue $16.16 $21.72 $27.28 43
Asset-Based
NCAV (Graham) $4.18 $5.60 $8.37 50
Growth DCF
Growth DCF $24.48 $41.47 $74.71 72
Rev-Margin DCF $20.74 $35.65 $65.03 67

Widest divergence: DCF Models ($38.10) versus Asset-Based ($5.60). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) $1.4B
Revenue growth (YoY) +15.7%
Net margin -5.6%
Return on equity -6.5%
Free cash flow $215M FY2025
Operating margin -1.5%
More key figures
EPS (TTM) $-0.5100
Net cash $362M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 61 · Market factors (momentum, volatility) 51

Profitability 25
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 55
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Procore Technologies, Inc reported revenue of $1.3B in FY2025 versus $515M in FY2021, a compound +26.6%/yr. Reported net income was −$101M in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$1.3B
Latest YoY
+14.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.0%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+36.1%
Revenue +26.6%/yr
FY21 $515M
FY22 $720M
FY23 $950M
FY24 $1.2B
FY25 $1.3B
Net income
FY21 −$265M
FY22 −$287M
FY23 −$190M
FY24 −$106M
FY25 −$101M

PCOR screens 66% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Procore Technologies, Inc Fair Value". https://www.fairvalue-calculator.com/stock/PCOR

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Application · 713 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −66% · Bottom 25%
Return on assets -3% · Below median
Net margin (TTM) -6% · Below median
Operating margin (TTM) -2% · Below median
Revenue growth 16% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 5.18× · Pricier than 75% of peers
P/S (TTM) 4.77× · Pricier than 75% of peers
P/FCF 30.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 4
FUTURE 79 · sector 38
PAST 0 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 27

VALUE 0: the price sits above our fair-value range.

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Procore Technologies, Inc (PCOR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $20.93 versus a price of $62.17, about −66% (overvalued).
What is the fair value of PCOR?
Our model-based fair value for Procore Technologies, Inc is $20.93 (as of Aug 13, 2026), built from audited fundamentals. The current price is $62.17.
What is the quality score of PCOR?
Procore Technologies, Inc has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Procore Technologies, Inc (PCOR)?
Procore Technologies, Inc reported trailing-twelve-month revenue of about $1.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PCOR?
The net profit margin of Procore Technologies, Inc is about -5.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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