PEGA
Pegasystems Inc.

Pegasystems Inc.PEGA

Technology · Software - Application
34.70USD
-0.77%
Sep 23, 2026
PEGA overview ready
Pega is an enterprise workflow, case-management, decisioning, and customer-engagement platform vendor adapting its installed process layer to orchestrate and govern AI-agent execution in mission-critical work.
Narrative is still early
Exposed to the Enterprise Agentic AI Adoption narrative through Governed Agentic Workflow Orchestration — enabling supplier.
An early price trend
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Competition from larger enterprise software vendors.
Market Sep 22Price action Sep 22Research Sep 18

Conviction Level

NarrativeHeat7.8ThemeHeat7.2PriceAction6.0Valuation9.8CompanyPosition9.3
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$5.8B
Avg Volume (60D)
2.4M
60 sessions
Revenue Growth YoY
+3.6%
Trailing twelve months
Gross Margin
+75.6%
Operating Margin
+11.3%
Trailing twelve months
Free Cash Flow Yield
+8.8%
Distance from 200DMA
-14.2%
Next Earnings
2026-10-20
P/E
19.8x
EV / EBITDA
26.1x
EV / Sales
3.1x
Market metrics as of Sep 23, 2026

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
Pegasystems Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Pega is an enterprise workflow, case-management, decisioning, and customer-engagement platform vendor adapting its installed process layer to orchestrate and govern AI-agent execution in mission-critical work.
Opportunity
Moderate opportunity
Enterprise spending on software that connects AI agents to governed, auditable, multi-step business workflows, decision systems, and operational applications.
Key risk
Competition from larger enterprise software vendors.

Narrative & Theme

Enterprise Agentic AI Adoption
Part of Governed Agentic Workflow Orchestration, with strong fit.
PEGA has a real, direct exposure to the emerging enterprise-agent adoption cycle rather than merely generic AI adjacency: its platform is used to design, automate, decide, and govern complex enterprise processes.
Narrative HeatHeating up7.8 / 10
Theme HeatHeating up7.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Pegasystems Inc. develops and licenses enterprise software solutions that help organizations automate and optimize customer engagement and operational processes across multiple industries globally.

How it earns

The company primarily generates revenue through software licensing, subscription services, and hosted solutions.

Products & services
Pega Infinity
Pega Customer Decision Hub
Pega Customer Service
Customers & end markets
Large enterprises
Financial services
Healthcare
Telecommunications
Market position

Pegasystems is a recognized leader in customer engagement and business process management software.

Demand drivers
Medium cyclicality

Demand for enterprise software can be influenced by broader economic conditions and IT spending cycles.