Teladoc Health, Inc.
$1.40B- Market cap
- $1.14B
- Debt
- +$1.04B
- Cash
- −$781.08M
Capital structure 52% equity / 48% debt · EV / Revenue 0.55x · EV / EBITDA 4.74x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: TDOC stock price at discount vs PCTY $6.28 current versus $63.50 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PCTY's multiple
Implied fair value · at TDOC's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TDOC FY 2025 (ended Dec 31, 2025) · PCTY FY 2026 (ended Jun 30, 2026). Fiscal years are not aligned.
Trendline
11 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 52% equity / 48% debt · EV / Revenue 0.55x · EV / EBITDA 4.74x
Capital structure 99% equity / 1% debt · EV / Revenue 4.45x · EV / EBITDA 18.17x
PCTY carries the larger enterprise value at $7.89B against $1.40B; TDOC trades on the lower EV / Revenue multiple (0.55x vs 4.45x); TDOC on the lower EV / EBITDA (4.74x vs 18.17x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
TELADOC HEALTH, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
PAYLOCITY HOLDING CORPORATION · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.75x
0.07x
Net debt / EBITDA
Leverage against operating earnings
0.87x
-0.44x
Cash and equivalents
Liquid reserves on the balance sheet
$781.08M
$271.92M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$1.04B
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