Product-Service System (PSS) is a promising model for the manufacturing sector, where the customer pays for the use of the equipment while the asset remains under the manufacturer’s responsibility. Allowing access to equipment as a service is technically feasible; nevertheless, providers and customers are still hesitant to adhere to offers because of financial risks. Thus, predictable and fair pricing the use of the equipment offered as a service is fundamental. This article describes the development of a pricing system for machine tools offered as a result-oriented PSS from an in-depth case study. The pricing system here described is composed of a pricing model and a logic for dynamic calibration based on continuous data collection. The pricing model sets a monthly fee (MF) based on mapping the machine’s life cycle costs (LCC) and organising them into fixed and variable costs. The fixed portion of the MF considers the costs related to subscribing to the system, such as installation, training and de-installation. The variable portion is composed of values that change according to the profile of use of each machine – costs of the machine on, axis movement and machining operations. Dynamic calibration relies on real-time machine-generated usage data and actual maintenance and retrofit costs. A potential benefit is charging fair to the customer’s profile, reducing risks for both sides. This work can contribute to the servitisation of the manufacturing sector, which is still very dependent on equipment ownership.