Is Procore Technologies (PCOR) Attractive After Recent Share Price Pullback?

Simply Wall St

Mon, February 16, 2026 at 3:09 AM GMT+9 4 min read

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PCOR

+9.31%

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If you are wondering whether Procore Technologies is starting to look interesting at today’s price, this article will walk through what that current market value might actually mean for you.

The shares last closed at US$52.34, after a recent 2.0% gain over 7 days but declines of 23.3% over 30 days and 25.3% year to date, which may have shifted how investors see both its potential and its risks.

Recent coverage has focused on how Procore’s construction software platform is positioned within the broader software sector and how sentiment toward growth oriented names has affected trading in similar stocks. This context helps explain why the share price has seen sharp moves in a relatively short period, even without company specific earnings headlines driving every step.

On our checks, Procore scores 4 out of 6 for valuation, based on it screening as undervalued on four of the six metrics in our valuation score. We will break down the key methods behind that number, then finish with a way to look at valuation that goes beyond any single model.

Find out why Procore Technologies’s -40.2% return over the last year is lagging behind its peers.

Approach 1: Procore Technologies Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and discounting them back to today’s value. It is essentially asking what those future dollars are worth in today’s terms.

For Procore Technologies, the model used is a 2 Stage Free Cash Flow to Equity framework, based on cash flow projections. The latest twelve month Free Cash Flow is about $216.8 million. Analysts and extrapolated estimates point to Free Cash Flow of around $441.1 million by 2028, with a series of yearly projections between 2026 and 2035 that are discounted back to reflect risk and the time value of money.

Bringing all of those projected $ cash flows back to today, Simply Wall St’s DCF output suggests an estimated intrinsic value of about $68.19 per share. Compared with the recent share price of US$52.34, this implies the stock screens as about 23.2% undervalued on this model.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Procore Technologies is undervalued by 23.2%. Track this in your watchlist or portfolio, or discover 53 more high quality undervalued stocks.

PCOR Discounted Cash Flow as at Feb 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Procore Technologies.

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Approach 2: Procore Technologies Price vs Sales

For companies where earnings are not the main focus, P/S is often more useful than P/E because it compares what you pay to the revenue the business is already generating rather than to accounting profits that can be small or volatile.

In simple terms, higher growth expectations and lower perceived risk usually justify a higher “normal” or “fair” multiple, while slower expected growth or higher risk tend to line up with a lower multiple. That logic applies to P/S in the same way it does to P/E.

Procore Technologies currently trades on a P/S of 6.15x. That sits above the broader Software industry average P/S of 3.60x but below the peer group average of 7.50x. Simply Wall St’s Fair Ratio for Procore is 6.16x, which is its proprietary estimate of what the P/S could be given factors such as growth profile, industry, profit margins, market cap and risk indicators.

The Fair Ratio can be more informative than a straight comparison with peers or the industry because it adjusts for company specific traits rather than assuming all software names deserve the same multiple. With the actual P/S of 6.15x sitting very close to the Fair Ratio of 6.16x, Procore screens as priced at about the level this model suggests.

Result: ABOUT RIGHT

NYSE:PCOR P/S Ratio as at Feb 2026

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Upgrade Your Decision Making: Choose your Procore Technologies Narrative

Earlier we mentioned that there is an even better way to understand valuation. On Simply Wall St’s Community page you can use Narratives, where you connect your view of Procore Technologies’ story to specific forecasts for revenue, earnings and margins, link that to a Fair Value, then compare it with the current price to decide whether the stock looks attractive to you. Those Narratives update automatically when new news or earnings arrive and span a wide range of views, such as one investor anchoring on a Fair Value of US$55.00 that leans on more cautious assumptions and another using a higher Fair Value of about US$83.89 that reflects a more optimistic set of expectations.

Do you think there’s more to the story for Procore Technologies? Head over to our Community to see what others are saying!

NYSE:PCOR 1-Year Stock Price Chart

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include PCOR.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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